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$LAYER /USDT 4H Trade Setup

Market Insight:

$LAYER has dropped by 5.10% in the last 24H, approaching key support after rejection from the 0.7086 high. Bearish momentum is present with MACD below zero and widening slightly, suggesting selling pressure is continuing. However, oversold bounce potential is increasing.

Entry Zone:

🔹 $0.658 – $0.666 (retest of local support and lower Bollinger band)

Targets:

🎯 TP1: $0.684

🎯 TP2: $0.700

🎯 TP3: $0.712

Stop Loss:

🛑 $0.648 (below previous 4H swing low and structural invalidation)

Key Levels:

Support: $0.6574 / $0.648

Resistance: $0.6844 / $0.7003 / $0.7086

Pivot Zone: $0.6776

Pro Tip:

If price consolidates above $0.666 with decreasing volume and RSI divergence on lower timeframes (15m–1H), it could signal an early reversal. Consider scaling in with tight position sizing due to bearish momentum.

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