🚀 LAYER (LAYER) Potential Rally Ahead? 🚀
➡️Key Observations on the 1H Timeframe:
- Price Approaching 50 EMA: LAYER is testing the 50 Exponential Moving Average (EMA) on the 1-hour chart. A clean break above could signal a shift in momentum.
- Bullish Divergence Detected: The RSI shows higher lows while price made lower lows a classic bullish divergence, hinting at weakening selling pressure.
➡️What’s Next?
🔥 If LAYER breaks & holds above the 50 EMA with volume, we could see a strong rally toward higher resistance levels.
📉 Failure to sustain the breakout may lead to a retest of support.
➡️Trade Setup Idea:
✅ Entry: Break & close above 50 EMA with confirmation.
🎯 Targets: Next key resistance levels (first 1.2000 - Next 1.3200 -Next 1.5000).
⛔ Stop Loss: Below recent swing low or EMA rejection.
➡️💎 I still believe in this coin and i think it is a hidden gem but be careful and caution.
⚠️ Not financial advice. Always do your own research before trading & manage risk! The market is volatile, but setups like this can offer high-reward opportunities.
➡️What do you think? Will LAYER pump or dump? Drop your thoughts below! 👇