$LAYER saw a flush into 0.0797 following a long liquidation, showing that buyers lost control and sellers successfully pushed price through short-term support. The reaction from this area will be important as the market decides whether to continue lower or attempt a relief bounce.
On the 15m chart, price is still printing lower highs while recovery attempts remain weak. Selling pressure has eased slightly, but buyers need to reclaim nearby resistance before momentum can shift. For now, the structure favors sellers.
Entry Point
0.0792 – 0.0800
Target Point
TP1: 0.0775
TP2: 0.0758
TP3: 0.0735
Stop Loss
0.0818
This setup can work if sellers continue defending resistance and volume stays heavier on red candles. The current structure, recent liquidation, and failure to reclaim lost support suggest downside momentum remains in control.