$LAYER

USDT BEARISH REVERSAL SETUP – SUPPORT TESTING FOR FURTHER DROP

The recent bullish impulse on $LAYERUSDT has failed to sustain above resistance, resulting in a sharp reversal. Price is now consolidating near key support, hinting at continuation to the downside if buyers fail to defend this zone.

🔑 Key Levels:

Current Price: 0.6585

Support Zone: 0.6580 – 0.6585 (being tested)

Resistance Zone: 0.6700 – 0.6750

📊 Trade Setup:

Position: Short

Entry: 0.6590 – 0.6600

Targets (TP):

TP1: 0.6520

TP2: 0.6475

Stop Loss (SL): 0.6660

📈 Market Outlook: The previous strong bullish leg faced rejection at 0.6800 resistance, followed by a structured bearish descent. Price is forming a minor base at support, but without a strong bounce, further downside remains likely towards lower liquidity zones.

⚠️ Risk Management: Always use strict stop loss. Risk only 1-2% of capital per trade. Avoid entering if price breaks back above 0.6660 resistance zone with strength.

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buy and trade here on $LAYER

💡 Comment ⚡ if you’re shorting this drop or waiting for bullish confirmation!