$LAYER /USDT
📊 Market Insight:
$LAYER is consolidating just below resistance after a pullback from the recent high of $0.7086. Volume appears modest, and SAR flipped bearish, indicating potential short-term retracement or sideways price action. However, support around $0.6615–0.6700 is holding so far.
🎯 Entry Zone:
$0.6700 – $0.6840
A dip into this range may offer a good risk/reward entry near local support and below SAR resistance.
📈 Targets:
Target 1: $0.7020
Target 2: $0.7130
Target 3: $0.7280
These targets align with previous highs and expected Fibonacci extensions.
🛑 Stop Loss:
$0.6580
Just below the 24h low and support zone to avoid deeper breakdown risk.
📌 Key Levels:
Support: $0.6615, $0.6700
Resistance: $0.7086, $0.7132
SAR: $0.6896 (Bearish signal unless reclaimed)
💡 Pro Tip:
Wait for a bullish 4H candle close above $0.6900 with increased volume before entering aggressively, or scale in gradually near $0.6700 with tight risk management.
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