$LAYER Breakout Brewing: Bulls In Command🤔🔐👇
Timeframes: 1H & 1D
Current Price: $2.2797
Trend: Bullish Momentum
Chart Analysis & Trade Setup:📊
👉On the 1H chart, LAYER is showing clear strength with price consistently riding the upper Bollinger Band. A clean retest of the midline has triggered fresh bullish pressure, with strong volume support and continuous higher lows. The RSI is rising from the oversold region, signaling a possible second wave of bullish continuation.
👉On the 1D chart, $LAYER has respected the 20EMA (orange line) throughout April and continues to push upward in a defined channel. The price just made a fresh daily high and has successfully bounced from $2.08. As long as it maintains above $2.23 support, the uptrend remains intact.
Key Levels to Watch:🔑
Support: $2.23 / $2.08
Resistance: $2.37 (immediate), then $2.50 psychological level
Indicators: 📉
RSI: 47.01 (room to run)
Volume: Increasing on green candles
Bollinger Bands: Upper band squeeze signals bullish buildup
Pro Trader Strategy
Bias: Bullish Continuation🔥
Entry: $2.26–$2.28 range (accumulation zone)✅
Target 1: $2.37🎯
Target 2: $2.50🎯
Stop-Loss: Below $2.20☣️
Risk-Reward: 1:2.5+
Pro Tip:👨🏫
If BTC remains stable, LAYER could quickly test the upper breakout range. Look for bullish engulfing candles near support as confirmation.
Takeaway:🧑🏫
$LAYER is showing exceptional strength with technical confirmation on both lower and higher timeframes. With increasing volume and bullish market structure, dips remain a buying opportunity.
👨❤️👨“Patience in breakout zones pays louder than hype in noisy ranges.”
Disclaimer: ⚠️
This is not financial advice. Please DYOR before investing.