$LAYER SIGNAL ALERT 🔴✨️✨️✨️

We smashed all of yesterday's targets and then some! Congrats whoever took the call! 🙌🎉🎯

Now $LAYER is potentially heading for correction.. 📈

The 15-minute chart of $LAYER has just painted a classic Head and Shoulders pattern, one of the most reliable technical patterns that often signals a potential trend reversal. This formation usually suggests that the bullish momentum is weakening, and a bearish move might be on the horizon. We can clearly see the Left Shoulder forming during the initial price surge, followed by a higher peak which marks the Head, and then a Right Shoulder where the price struggled to push higher and faced resistance.

The crucial point to watch here is the neckline around 2.22. This level acts as the confirmation zone for the pattern. If the price decisively breaks and closes below this point, especially with a surge in volume, it could open the gates for a deeper pullback. Look for this confirmation before considering short positions, as it increases the probability of the pattern playing out successfully.

If the breakdown is confirmed, the next support levels to keep in mind are 2.18 and 2.13, where price might attempt a bounce. Until then, it’s wise to manage risk carefully and avoid premature entries without confirmation. Volume is already showing signs of picking up, which makes this setup even more interesting to monitor over the next few candles.

Keep this pair on your watchlist — it’s shaping up to be a textbook breakdown opportunity.

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dr_mt