Here’s a detailed analysis of $LAYER /USDT (4H chart):

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Current Price: 1.3791

24h Change: -9.10% 🔻

24h High / Low: 1.788 ⬆️ / 1.3764 ⬇️

Volume (24h):

LAYER: 15.67M

USDT: 23.29M

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Trend Overview:

Sharp Drop from the local high 1.6627 🔽

Current candle broke below recent consolidation — bearish signal

Nearest visible support area is around 1.2548 🧱

Price is sitting just above 24h low — may test again soon ⚠️

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Momentum & Sentiment:

Strong bearish pressure today (-9.10%) ❗

Selling pressure is dominating — multiple red candles in a row 🔴

Could enter oversold zone soon (check RSI for confirmation) ⏬

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Key Zones:

Resistance Levels:

1.4019 — minor rejection zone ⛔

1.5490 — next resistance if reversal happens

Support Levels:

1.2548 — possible bounce spot 🛡️

1.0777 and 0.9940 — deeper supports if price keeps falling

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Conclusion:

Short-Term Bias: Bearish ❌

Breakdown in progress — wait for support confirmation before long entry

If you’re already in short, trail your stop-loss ✅

For new entries: look for bounce signs near 1.2548 or lower

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