$LAYER BREAKOUT BREWING OR BULL TRAP AHEAD?
$LAYER is currently trading at $1.2169, holding above the short-term support zone after bouncing from $1.2132. Despite recent pressure, bulls are attempting a push back above resistance.
Key Price Levels:
• Resistance Zone: $1.2180 – $1.2250
A confirmed breakout above this zone could lead to:
• TP1: $1.2380
• TP2: $1.2550
• Support Zone: $1.2020 – $1.1950
If sellers take control again, a break below this could send price toward:
• TP1: $1.1850
• TP2: $1.1700
Trade Setup – Neutral Zone Battle:
• Bullish Scenario: Entry above $1.2180
• Targets: $1.2380 and $1.2550
• Stop-Loss: Below $1.2020
• Bearish Scenario: Entry below $1.1950
• Targets: $1.1850 and $1.1700
• Stop-Loss: Above $1.2180
Momentum is building, but the order book shows resistance stacking up. Watch for a clean breakout or a rejection flush.
