I think many traders short at 2.345 might be liquidated as price huge increasing. Use SL will protect your capital. -86% ROI is my PnL this morning, I intended DCA at 3.1 but it didn't reach. Fortunately, I took profit twice with 35% per trade. If I hold until now, profit is 140%

$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)