LAYER/USDT: Trading Idea
Entry Point (Potential): Consider a small entry if the price shows signs of strong rejection of the $1.76 level. This could be indicated by a strong green candle forming after touching or briefly going below this level. You might also wait for a minor confirmation like the next candle also being green and closing above the low of the previous red candle.
Exit Point (Target): A potential initial target could be the previous local high around $1.78 - $1.79. This offers a small profit opportunity if the support holds.
Stop-Loss: A stop-loss should be placed below the potential support level, perhaps around $1.75 or slightly lower, to limit potential losses if the support breaks down.
Disclaimer: This is just a trading idea based on the provided chart and should not be taken as financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own thorough research and analysis before making any trading decisions.