📉 $LAYER /USDT - Bearish Trading Setup 🚨
💰 Current Price: 0.7370 USDT
📊 24-Hour Change: -0.43 %
⏳ Time Frame: 1-Hour Chart
📊 Market Trend: Bearish
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🔍 Market Analysis:
✅ LAYER/USDT is in a strong bearish trend, forming lower highs and lower lows.
✅ The price is falling below key support, confirming increased bearish pressure.
✅ A downward trend line indicates ongoing selling pressure.
✅ The recent rejection at 0.7500 suggests a failed bullish attempt to reverse.
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📌 Bearish Trading Setup for LAYER/USDT
🔹 Sell Entry: below 0.7370
🎯 Target 1: 0.7000 ✅
🎯 Target 2: 0.6899 ✅
🎯 Target 3: 0.6750
❌ Stop Loss: above 0.8600
📌 Bearish confirmation needed:
The price remains below key resistance (0.7500 - 0.7600).
Sustained selling pressure below the downward trend line.
No significant bullish breakout above 0.7700.
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📌 Bullish Scenario (if the price surpasses 0.8600)
📌 Buy Entry above: 0.8700
🎯 Target 1: 0.9000
🎯 Target 2: 0.9500
🎯 Target 3: 1.0000
❌ Stop Loss: below 0.8300
🔹 Bullish confirmation needed:
Break above the trend line resistance.
Formation of higher highs and higher lows.
Increased buying volume and bullish candlestick patterns.
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⚠️ Final Thoughts:
📌 LAYER/USDT remains bearish unless a strong reversal occurs. The next support at 0.6899 could act as a short-term target.
📌 If the bulls manage to break the resistance at 0.8600, a trend reversal could be possible.
📉 Would you short this trade or wait for a bullish breakout? 🔻🚀
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