The market is showing strong bearish momentum as $LAYERUSDT breaks below key support levels. The price is currently $0.8507 (-2.28%), indicating increased selling pressure. A retest of the broken support at $0.8603 is expected before further downside.
🔹 Entry: $0.8603 (On pullback to resistance) 🔹 Take Profit (TP): $0.8033 (Major support zone) 🔹 Stop Loss (SL): $0.8834 (Above resistance)
📌 Market Outlook
The price is trending downward, and a rejection at $0.8603 will likely confirm the continuation of the bearish move. If sellers dominate, we can expect a sharp drop to $0.8033. Watch for bearish candlestick confirmations at resistance before entering.
⚠️ Risk Management
💡 Use proper position sizing & risk-reward ratio. 💡 Always set stop loss & avoid overleveraging!
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For this asset (TIA), I think if we want the bullish trend to continue, the price needs to hold above $6 on the daily timeframe. Otherwise, the marked green zone could act as a demand zone for buyers.
🚨🚨 👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸 is just my personal opinion.
$VELODROME Analysis: Short Liquidation Opportunity
Entry Point: $0.14398
Target: $0.13000
Stop Loss: $0.15000
Risk Management Strategy: Implement a strict risk limit of 2% of your total portfolio on this trade. Diversify your investments to mitigate risk exposure.
Market Context: Current market volatility presents a unique chance for short liquidations, particularly for $VELODROME . Monitor trading volumes for significant insights.
Risk-Reward Ratio: Calculating the potential reward against the risk taken: Target Price: $0.13000Entry Price: $0.14398Stop Loss: $0.15000 Risk per share: $0.15000 - $0.14398 = $0.00602. Potential reward per share: $0.14398 - $0.13000 = $0.01398.
Risk-Reward Ratio: 0.01398 / 0.00602 = 2.32:1
In summary, this analysis supports the notion that a short position on $VELODROME could yield favorable returns with a solid risk-reward ratio.
Disclaimer: All investments involve risks, including the potential loss of principal. Past performance is not indicative of future results. Always do your own research, assess your risk tolerance, and consult a financial advisor before making any decisions. Trade responsibly.
I believe we are in a depression zone of crypto 😒 Soon we gonna enter in a hidden bull-run and no one gonna realise it. Then panic will arise and retailers will buy local tops. Last quarter of the year shows always strength. Share your thoughts!