Step 5

Add a Drop Shadow with these settings:

Opacity: 50%

Distance: 0

Size: 5

Step 6

Change the Center - Brush 02 layer's Blend Mode to Overlay.

7. How to Style Layers

Step 1

Change the Stroke - Brush 01 - White FG layer's Blend Mode to Linear Light and its Opacity to 60%.

Double-click the Center - Brush 02 - White FG layer to apply the following layer style:

Step 2

Add a Pattern Overlay with these settings:

Blend Mode: Vivid Light

Opacity: 70%

Pattern: FDR Glitter Pattern 02

Step 3

Add a Drop Shadow with these settings:

Blend Mode: Linear Burn

Color: #8e8e8e

Opacity: 35%

Distance: 0

Size: 5

Step 4

Change the Center - Brush 02 - White FG layer's Blend Mode to Linear Light.

Step 5

Select the Center - Brush 01 - Desaturated layer, and go to Image > Adjustments > Desaturate.