$LAYER USDT – BEARISH SLIDE CONTINUES, BREAKDOWN CONFIRMS WEAKNESS!
Current Price: $0.6868
24h Change: -2.00%
24h High/Low: $0.7165 / $0.6856
Key Levels:
Immediate Resistance: $0.7000 – short-term ceiling where rejection occurred.
Major Resistance: $0.7165 – 24h high and key breakout point.
Immediate Support: $0.6850 – currently being tested.
Major Support: $0.6700 – previous swing low and danger zone.
Trade Setup:
Direction: Short (Bearish Bias)
Entry: $0.6860 – $0.6900 (on retest or weak bounce)
Take Profit (TP):
TP1: $0.6780
TP2: $0.6700
TP3: $0.6520
Stop Loss (SL): $0.7010 (above intraday resistance)
Market Outlook:
$LAYER is on a consistent downtrend with lower highs across 7-day (-9.32%) and 30-day (-35.60%) frames. Current breakdown below $0.6900 suggests bearish continuation unless bulls reclaim $0.7000 quickly. Weak volume and price rejection from $0.7165 further support the bearish stance.
Risk Management:
Limit your risk to 1-2% of your capital per trade. Always use a stop-loss and avoid revenge trading. Re-enter only on confirmed signals or bounces to key levels.
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