$LAYER /USDT short trade signal 🛑 🚦

BEARISH SETUP: REJECTION SIGNALS A POTENTIAL DROP AHEAD!

After a bullish rally towards the $2.82 resistance, $LAYER /USDT is now showing signs of exhaustion. The price is struggling to break above the resistance zone and is starting to show rejection wicks, indicating a potential reversal. Sellers are likely to regain control if the price fails to maintain momentum above the key resistance level.

Trade Setup:

Entry for Short: $2.73 - $2.74

Take Profit (TP): $2.60

Stop Loss (SL): $2.83

Market Outlook:

Failure to break the overhead resistance suggests that $LAYER/USDT may retrace towards the $2.60 support region. Risk management is crucial as volatility could spike on further rejection or breakout attempts.

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