#CryptoTrading. #technicalanalyst #Signal🚥.
📊Technical analysis (1 hour) $LAYER /USDT
$LAYER - price: 0.2780 USDT (+16.66% per day) - strong impulse rebound.
Key indicators:
• Bollinger Bands (20.2): The price jumped out from under the lower band (was ~0.176) and is now near the middle band (0.2229). This is a classic rebound after a strong oversold state.
• MACD: The MACD line (0.0067) has just crossed zero upwards, the histogram is growing sharply - a bullish signal, the beginning of a new impulse.
• RSI:
• RSI-6: 78.7 (already overbought in the short term)
• RSI-12: 62.8 (neutral-bullish)
• RSI-24: 49.9 (neutral) - Overbought in the short term, but there is still room for growth in the medium term.
• Volumes: On the rebound, the volume increased sharply (from 300-400 million to 1.4 billion) - confirmation of the strength of the movement.
• OI (open positions): 19.5M - stable, without a sharp increase in liquidations.
Movement structure:
• From mid-October to early November - a strong downtrend (-80%+).
• Over the last 36 hours - a sharp rebound of +85% from the low of ~0.15.
• Now the first green weekly candle is forming after 6 red ones in a row.
Signals:
Buy (Long): 🟢
• Entry: now or on a pullback to 0.24-0.25 (previous local high/Bollinger average)
• Targets: 0.334 - 0.408 - 0.515 (Fibo levels and previous highs)
• Stop: below 0.215 (below Bollinger average and accumulation zone)
Sell (Short): 🔴
There is no strong signal for a short yet. There is overbought RSI-6, but:
• MACD has just turned up
• volume is growing
• the first strong rebound after a long decline
Short can only be considered if:
• a clear rebound from 0.33-0.34 with confirmation (closing of the daily candle with a long upper wick + MACD reversal down)
⚠️Conclusion: At the moment, bullish sentiment prevails. Aggressive long with good risk/reward, short is still risky (possible continuation of rebound to 0.40+).