š° $LAYER
USDT BULLISH REVERSAL PLAY ā READY FOR A PUSH UP
$LAYERUSDT has shown a strong bounce from its local support, indicating potential bullish continuation towards key resistance levels.
š Key Levels:
Current Price: $0.6539
Support Zone: $0.6453 ā holding well as a demand area.
Resistance Levels:
First resistance at $0.6579
Major target resistance at $0.6664
š¹ Trade Setup (Long):
Entry Zone: $0.6530 ā $0.6550
Take Profits:
TP1: $0.6579
TP2: $0.6664
Stop Loss: $0.6400
š Market Outlook: Price is rejecting the lower support strongly with a bullish engulfing candle on this timeframe. Momentum indicates potential for a clean move towards $0.6664 if the market holds above the entry zone and breaks initial resistance confidently.
ā ļø Risk Management: Always use stop loss as planned. Do not over-leverage. Risk only 1-2% of your capital per trade to stay consistent and disciplined.
buy and trade here on $LAYER
š Do you think $LAYER will break $0.6664 this week? Comment š if you agree!