⚠️ guys $LAYER is doing exactly what I said it would and the 1m chart is now confirming everything
I warned this community when RSI was at 94 on the 4h — I said this was a dead coin getting one last pump and the sellers were already positioned — now look at where we are
price topped at 0.15724 and is now sitting at 0.12983 — that is already a significant drop from the high and the structure on this 1m chart is telling me it is not done yet
look at this — #LAYER bounced to 0.13179 on the 1m then got rejected hard and is now printing lower highs lower lows — EMA7 at 0.12999 EMA25 at 0.13026 EMA99 at 0.13049 — all three EMAs are now above price and compressing downward — that is a ceiling sitting right above every bounce attempt
RSI dropped all the way to 38 from 94 in less than one day — that is how fast the exhaustion hit after that artificial pump — and RSI at 38 on a coin that is down -89% in a year does not mean oversold bounce — it means the real direction is reasserting itself
24h low already at 0.09322 — that level was tested — and the 1m chart is showing me another attempt at the lows is loading
I posted the warning — the chart followed — this is what reading RSI 94 on a dying coin actually means in real time
so guys — did you sell when I posted the warning or are you still holding and hoping this bounces back 🎯