Bought it around 3.1

🚨 Solayer (LAYER) Market Update – Crash Analysis & Key Levels 🚨

Good morning traders! Here’s an urgent update on the recent price crash of Solayer (LAYER) after the end of the Asian session.

⚠️ Crash Overview:

LAYER has started a sharp decline, which many anticipated due to signs of manipulation during its rally.

The move from late February to today was a 5x pump, mostly driven by limited circulating supply and market makers.

No official reason for the drop yet—there's been no statement from the Solayer team.

🔎 Technical Outlook:

Current Key Support Zone: $2.00 (psychological and liquidity zone)

If $2.00 holds, we could see a bounce to $2.45-$2.60.

Watch for a potential liquidity spike before any real recovery.

Next Major Support if $2 Fails:

$1.40 - $1.50 zone, where heavy liquidity sits.

📊 Funding Rate Alert:

Binance shows -16% funding for shorts (extremely high).

This creates pressure for shorts to close (which could trigger a bounce).

At the same time, going long now is risky but offers attractive funding gains if timed right.

🔔 Levels to Watch:

Hold Above: $2.00 — chance for a relief rally.

Break Below: $1.95 — expect a drop to $1.40-$1.50.

🚩 Important Note:
This is high-risk trading, closer to gambling than standard TA. Be aware of extreme funding fees and unpredictable moves.

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Summary:

Watch $2.00 carefully—this is the line between short-term recovery and deeper crash.

Any bounce likely targets $2.45 - $2.60.

Break below $1.95 opens path to $1.40-$1.50.

Trade carefully. Risk management is everything right now!
$LAYER

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