$LAYER

/USDT – Bearish Trend Alert

Summary:

$LAYER has faced repeated rejections at the $3.30 resistance level and has now broken below key support at $3.15. A bearish engulfing candlestick pattern confirms strong selling pressure. The price is currently retesting the breakdown zone and looks set for further decline.

Short Trade Setup

Entry Zone: $3.15 – $3.20

Take Profit (TP): $2.86

Stop Loss (SL): $3.30

Market Outlook

Bearish momentum is confirmed by the break of mid-range support.

Lower highs and frequent wick rejections point to continued weakness.

If the price cannot reclaim $3.20, a move down toward $2.85 is likely.

Current Price: $3.1214 (Down 2.31%)

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