👀🚀 LAYER Drops 19.77% to $1.3047 – Buying Opportunity?🔥
LAYER price at $1.3047, down 19.77% with 37.41% volatility in 24H! Support $1.2285, resistance $1.6880. RSI neutral, SAR bullish. 💡 Scalp $1.2285–$1.8838, stop loss $1.2026. More gains or dip? What’s your take? 📊 #LAYER @BoldCompass
📌Insights for Traders
🧭Short-Term (Scalping/Day Trading):Entry Point: Buy on a dip to $1.2285–$1.2026 if the price holds above $1.2285 (confirm with volume and RSI rising to 40–50).
🧭Target Profit: Sell at resistance $1.6880–$1.8838.Stop Loss: $1.2026 to limit risk.Strategy: Use small timeframes (15M/1H) for scalping, capitalizing on a potential rebound after the correction.
🧭Medium-Term (Swing Trading):Wait for a confirmed breakout above $1.6880 with high volume for a long position, targeting $1.8000–$2.0000.If the price breaks below $1.2026, watch for a deeper correction to $1.1520 or $1.1000.Monitor project-specific news for additional catalysts.
🚨Risk Management:Allocate 5–10% of your portfolio for LAYER trading due to its high volatility.Be cautious of further corrections, especially with the 19.77% drop and potential profit-taking.
🤔Will LAYER break $1.8000, or dip to $1.2026? Share your thoughts below! 👇
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves high risks, and prices can be highly volatile. Always conduct your own research and consider your risk tolerance before making any trading decisions.