$LAYER current price 2.345, high open interests, short positions 73.45%. When I observed this coin few days ago, it has same percentage of short positions, but it dropped under 1.9. It's hard to say it would rise or drop.

Many traders will short it at this current price is reasonable. But I think you guys should short at

Entry: 2.39 - 2.42
Target: 2.3 - 2.2 - 2.1. I think if it is in bearish phase, it might drop at ~1.7
Leverage: x5-x8
SL: 2.7 (for myself)