š§± $LAYER /USDT ā Building Momentum or Cracking Support? š§±
$LAYER is currently trading at $0.6283, slightly below all major EMAs ā EMA(7): $0.6312, EMA(25): $0.6316, and EMA(99): $0.6446 ā suggesting short-term bearish sentiment with a potential bounce zone forming near $0.6180.
With the 24h range between $0.6181 ā $0.6449, the price is consolidating tightly. A reclaim of $0.6340 could signal strength, while a drop below $0.6160 may open downside.
šÆ Trade Setup:
Setup: LONG (High-Risk, Reversal Play)
Entry: $0.6283
TP1: $0.6340
TP2: $0.6440
Final TP: $0.6540
SL: $0.6140
š§ Play it tight ā structure is fragile, but breakout could come fast.