$LAYER
/USDT Technical Analysis – Bearish Setup
LAYER is currently trading around 0.7116 (+9.24%) after hitting a 24h high of 0.7600 and bouncing from a low of 0.6383. Despite short-term bullish recovery, indicators suggest potential exhaustion, hinting at a bearish correction ahead.
Trend: Bearish Reversal Zone
Entry Level: 0.7190 – 0.7250 (watch for rejection at resistance)
🎯 Target 1: 0.6960
🎯 Target 2: 0.6800
🛑 Stop Loss: 0.7350
Indicators Insight:
MACD: Shows signs of weakening bullish momentum.
RSI: Near overbought zone — potential for downward pressure.
Volume: Decreasing on uptrend — weakening buyer interest.
📉 A rejection near resistance could confirm a short opportunity. Monitor closely for confirmation on the 1h chart.