$LAYER 🚀 🚀 💪 💪 💰 💰
Market overview
Based on the current price of $1.2141 USDT for Solayer (LAYER) and a 24-hour trading volume of $75.06 million, comprehensive trading strategy
Technical Analysis
Current Price: $1.2141
24h Range: $1.15 – $1.29
24h Volume: $75.06 million
Relative Strength Index (RSI): Approximately 60, indicating neutral momentum
Moving Averages:
50-period SMA: $1.20
200-period SMA: $1.05
Support Levels: $1.15, $1.05
Resistance Levels: $1.25, $1.29
📈 Trading Strategy:
Entry Point: Enter long positions between $1.15 and $1.17, especially if the price shows signs of bouncing off the support level.
Targets:
TP1: $1.25
TP2: $1.29
TP3: $1.35
Stop Loss: Place a stop loss below $1.05 to manage risk.
Rationale: The price is approaching the lower Bollinger Band, suggesting potential for a reversal. A bounce off the support level could lead to a retest of resistance zones.
