โ ๏ธ $LAYER Breakdown โ After the Parabola, the Plunge ๐ฃ๐
$LAYER just crashed -60% in 48 hours, free-falling from $3.43 to $1.26, now hovering around $1.311. After weeks of bullish euphoria, the sudden dive hints at mass profit-taking, liquidations, or harsh market news. ๐
๐ Key Breakdown:
๐ป Daily Drop: -29.07%
๐ Volume Spike: ~$92M = Panic exits
๐ Support Zone: $1.26โ$1.30 = potential short-term base
โ ๏ธ No Reversal Yet: Weak candles, no bullish engulfing, no volume surge
๐งญ Whatโs Next?
If $1.26 holds and buyers step in, we may see a relief bounce. But until a clear reversal signal or strong reclaim shows up, caution is ๐.
๐ Donโt catch a falling knife โ wait for confirmation.
#layer #CryptoVolatility #TradeStories #FOMCMeeting ๐จ๐
