$LAYER SHOWING WEAKNESS – BEARISH BIAS BELOW $0.70 SUPPORT

Layer Protocol (LAYER) is currently trading at $0.6910 (-1.62%), slipping below key support with fading bullish momentum. Price action shows rejection from the $0.7165 high, and volume is thinning, raising caution for bulls.

🔍 KEY LEVELS TO WATCH:

Resistance Levels:

$0.7000 (minor resistance)

$0.7200 (24h high rejection)

$0.7400–$0.7600 (major supply zone)

Support Levels:

$0.6890 (current weak support)

$0.6800 (next support)

$0.6500 (breakdown target)

Volume Insight:

LAYER Volume: 4.79M

USDT Volume: 3.36M

Volume SMA declining, signaling low conviction

📉 TRADE SETUP – SHORT BIAS:

Entry Zone: $0.690–$0.695 (on breakdown confirmation or failed bounce)

Take Profit Targets:

TP1: $0.680

TP2: $0.660

TP3: $0.650

Stop-Loss: $0.705 (above recent rejection zone)

🛡️ RISK MANAGEMENT:

Limit risk to 1–2% of capital. Avoid holding through major bounces. Use tight SL due to thin liquidity in micro-cap tokens.

⚠️ SUMMARY:

$LAYER/USDT is currently bearish, breaking below $0.70 support with weak momentum and no immediate bullish catalyst. If support at $0.689 breaks cleanly, further downside toward $0.65 is likely. Short setups are favored until price reclaims above $0.72 with strength.

Watch the $0.68 zone carefully – breakdown or bounce will decide next move. 🧐📉

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