The event of unlocking 84 million tokens $LAYER - not a small number - is set to occur on May 11th. This could create a massive supply, generating significant selling pressure.
Within a few hours, $LAYER has plummeted from $3.4 to below $1.9 - a decline of ~ 44%. The current funding rate is -2% per hour, indicating a clear dominance of the short side and showing that the market is in serious imbalance.
So where will $LAYER go?
Today's crash is very likely a 'false bottom hunting' action, aimed at misleading the market into believing that selling pressure has exhausted, thereby creating conditions for a technical rebound to around $2.45. This could be a 'liquidity trap', where retail investors are 'led' in before the team unlocks the tokens to sell off.
If this scenario occurs, then the upcoming rise is just a trap - the beginning of a deep decline and prolonged accumulation.
#RbapCrypto #View #Signal #Plan #Layer
