$LAYER USDT short tread signal 🛑 🚦
BEARISH SNAPBACK — SUPPLY ZONE REJECTION AFTER PARABOLIC MOVE ⚠️
$LAYERUSDT surged aggressively from the demand zone but has now hit a hard ceiling near $0.7292. This vertical breakout is losing steam as price gets rejected at a key supply zone, forming a potential reversal wick. The setup now favors a short opportunity as bulls struggle to hold momentum.
🔻 TRADE SETUP — SHORT POSITION
Entry Zone: $0.7100 – $0.7210
Take Profit 1: $0.6850
Take Profit 2: $0.6700
Stop Loss: $0.7295
📉 MARKET OUTLOOK:
Momentum is fading on the 30m chart after an unsustainable pump. Price has exited the descending channel but faced instant rejection on testing resistance. Unless a breakout above $0.7292 occurs with volume, the path of least resistance is down. Expect corrective movement as sellers reclaim control.
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buy and trade here on $LAYER