Naseeb Trades
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📊 $LAYER Technical Analysis:
Current Price: 0.6978
24H High: 0.7600
24H Low: 0.6383
RSI (6): 83.60 → Overbought zone
🔍 Observations:
Strong bullish move from ~0.60 to 0.76 followed by correction and now bouncing again.
RSI is overheated (83+), suggesting possible short-term pullback.
Volume rising again with the bounce, indicating buyers are coming in.
Previous Resistance: 0.7600
Support Zones: 0.6638 & 0.6291
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🎯 Trade Plan (Short-Term Scalping):
✅ Long Entry (Already Near):
Entry: 0.695 – 0.700
🎯 Take Profit Targets:
1. TP1: 0.725 (minor resistance)
2. TP2: 0.748 (pre-breakout candle)
3. TP3: 0.760 (24h high, strong resistance)
❌ Stop Loss:
SL: 0.663 (below recent bounce level + just under key structure)
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🔐 Risk Management:
Risk:Reward Ratio = ~1:2+
Use trailing stop if price hits 0.748+
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⚠️ Notes:
If RSI cools down near 60-65 and price holds above 0.663, consider re-entering.
Avoid late entry above 0.750 unless it breaks 0.76 with volume.
Current Price: 0.6978
24H High: 0.7600
24H Low: 0.6383
RSI (6): 83.60 → Overbought zone
🔍 Observations:
Strong bullish move from ~0.60 to 0.76 followed by correction and now bouncing again.
RSI is overheated (83+), suggesting possible short-term pullback.
Volume rising again with the bounce, indicating buyers are coming in.
Previous Resistance: 0.7600
Support Zones: 0.6638 & 0.6291
---
🎯 Trade Plan (Short-Term Scalping):
✅ Long Entry (Already Near):
Entry: 0.695 – 0.700
🎯 Take Profit Targets:
1. TP1: 0.725 (minor resistance)
2. TP2: 0.748 (pre-breakout candle)
3. TP3: 0.760 (24h high, strong resistance)
❌ Stop Loss:
SL: 0.663 (below recent bounce level + just under key structure)
---
🔐 Risk Management:
Risk:Reward Ratio = ~1:2+
Use trailing stop if price hits 0.748+
---
⚠️ Notes:
If RSI cools down near 60-65 and price holds above 0.663, consider re-entering.
Avoid late entry above 0.750 unless it breaks 0.76 with volume.
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