$LAYER BEARISH REVERSAL – SELLERS READY TO DRIVE PRICE LOWER! 🔻
$LAYER is showing a clear rejection from minor resistance levels, indicating that sellers are taking control for a potential downside move.
🔑 Key Levels:
Current Price: $0.6505
Resistance Levels: $0.6565, $0.6737
Support Levels: $0.6314
📉 Trade Setup (Short Entry):
Entry Zone: $0.6518 – $0.6565 (upon rejection confirmation)
Targets (TP):
TP1: $0.6400
TP2: $0.6350
TP3: $0.6314
Stop Loss (SL): $0.6600 (above rejection zone)
📊 Market Outlook:
The market is currently respecting lower highs, suggesting continuation towards support zones if resistance holds firm. Bears are expected to remain strong below $0.6565.
⚠️ Risk Management:
Always use a strict SL. Risk only 1-2% of your capital per trade to maintain sustainable growth and avoid emotional decisions.
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💬 Comment “🔥” if you caught this move or plan to enter!
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buy and trade here on $LAYER