$LAYER /USDT Short Trade Signal Update! 📉🛑
$LAYER saw a sharp rejection near the key $0.6600 resistance, triggering strong selling pressure. The first profit target has already been hit as bearish momentum continues to dominate the intraday trend.
🔹 Short Trade Setup:
• Entry Zone: 0.6550 – 0.6600 (filled)
• Current Price: 0.6420
• Take Profit 1: 0.6400 (hit)
• Take Profit 2: 0.6300
• Take Profit 3: 0.6200
• Stop Loss: 0.6650
📊 Market Outlook:
A decisive bearish engulfing pattern confirms strong downside pressure. With momentum indicators still favoring sellers, as long as price remains below 0.6500, further declines are likely. Key support levels lie at 0.6300 and 0.6200. Bears are in control — manage risk wisely and trail your profits as the move unfolds.