🎯 Entry: 0.97 – Expected TP: 1.32 – SL: 0.85
“The game is not over, is it just that the crowd is afraid too early?”
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1. Overview of the trend:
The LAYERUSDT chart is showing a classic “pump-and-dump.” The price spiked to 3.4187 and then plunged sharply below 1 USD. Currently, the price is oscillating around the range 0.9709 – this range is very sensitive because:
• It is the nearest bottom after the crash
• It is the middle MA of the old Bollinger Bands, now turning into resistance
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2. Bollinger Bands – Signs of strong contraction and release:
• The Bollinger Bands are extremely wide at the peak of 3.41 indicating a huge FOMO force.
• After that, the price broke down the middle band (MB = 1.0581), creating a very clear downtrend.
• The lower band (DN = 0.8515) has been breached and the price has bounced up → This may be a temporary support zone.
=> Currently, the price is narrowing its fluctuations, the Bollinger Bands are starting to curve down: the accumulation phase after the sell-off may begin.
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3. MACD & Stoch RSI indicators – Are giving early signals:
• MACD: The MACD line is below 0 but the red histogram has weakened → indicating that the downtrend has slowed, may soon transition.
• Stoch RSI: Has bounced up from the oversold zone and is slightly crossing down but has not turned strongly → is oscillating in accumulation.
==> This indicator pair has not clearly confirmed a reversal but is transitioning from decline to accumulation.
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🔭 Strategic perspective:
LAYER has had a crazy growth phase and then crashed mercilessly. However, the recovery around the 0.97 mark with stable volume may be a sign that the money flow is “picking up the corpses” in the low price area. There is short-term upside potential if the BTC market stabilizes.
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🧨 Suggested trading scenario:
• Entry: around the range 0.97 – 0.99
• Short-term expected TP: old middle MA zone ~ 1.32
• Stop-loss: below the strong support zone ~ 0.85
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📌 Note:
• This is a setup leaning towards short-term bottom fishing according to the Bollinger + MACD divergence strategy.
• If BTC crashes further, LAYER may retest 0.85 or lower.
• If a clear reversal divergence is confirmed (e.g., MACD crossing positive + Stoch RSI exceeding 80), then it can be considered to extend the profit-taking expectations to 1.6 – 1.8.
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“When others are afraid, it might be the time you should observe more closely.”
