$LAYER current price 1.382, very high open interests, very high short positions. No reason to trigger short liquidation. For expertise traders, I recommend to use swing trade "Long then Short". Scenario as below:
- It will rises up to 1.5-1.53. You can catch the dip that is lower current price to optimize profit.
- Then sudden drop heavily that is under $1.
For #NewTraders I recommend to sell short
Entry: 1.5-1.53 (depends on volume to catch the peak)
Target: $1
Leverage: x5-x8
Liquidation price: at least $2