dr_mt
--
Bearish
$LAYER has formed dragon fly dogi
candlestick, indicating strong rejection
after hitting ATH at 1.57. This is perfect
short setup as traders are busy selling
their assets and no one wants to buy
at such a high price.
$LAYER may retest the last resistance
at 1.48 which should now act as support,
as buyers would be interested at this price
since bullish structure still remains intact.
Unless $LAYER dips below this support
with fast speedy selling.
Entry around 1.53-1.55 with Stop loss at 1.58
and take profits at 1.51 & 1.48,
looks promising.
Take caution when trading & use stop-loss
trailing so you don't miss out on profits!
candlestick, indicating strong rejection
after hitting ATH at 1.57. This is perfect
short setup as traders are busy selling
their assets and no one wants to buy
at such a high price.
$LAYER may retest the last resistance
at 1.48 which should now act as support,
as buyers would be interested at this price
since bullish structure still remains intact.
Unless $LAYER dips below this support
with fast speedy selling.
Entry around 1.53-1.55 with Stop loss at 1.58
and take profits at 1.51 & 1.48,
looks promising.
Take caution when trading & use stop-loss
trailing so you don't miss out on profits!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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