$LAYER /USDT – BEARS TAKING FULL CONTROL? 🔻🔥
LAYER/USDT is trading at $0.7659 (-13.64%), experiencing a strong downtrend with continuous lower lows. If support fails, further downside is likely.
Key Levels to Watch
🔹 Resistance: $0.82 - $0.87 (Strong supply zone)
🔹 Support: $0.75 - $0.78 (Last line of defense)
🔹 Breakdown Level: Below $0.75 could trigger more selling pressure
Trade Setup 🔥
📉 Short Entry (Bearish Setup):
🔹 Entry: $0.78 - $0.80 (Pullback sell)
🎯 Target 1: $0.74
🎯 Target 2: $0.70
🎯 Target 3: $0.65
🛑 Stop Loss: $0.83
📈 Long Entry (Bounce Setup - If Price Holds Support):
🔹 Entry: Above $0.80
🎯 Target 1: $0.85
🎯 Target 2: $0.90
🛑 Stop Loss: $0.76
Market Outlook 🌍
$LAYER /USDT is in a strong downtrend, and if $0.75 support breaks, it could slide towards $0.65 or lower. Bulls need to reclaim $0.80+ for a potential reversal.
Risk Management 🛡️
⚠️ Stick to stop-loss to avoid heavy losses
⚠️ Wait for confirmation before entering trades
⚠️ Use proper risk-reward ratio to manage capital
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