$LAYER /USDT Technical Analysis and Trade Plan

Current Price: 0.6076

24H Range: 0.5954 – 0.6091

Recent Low: 0.5732

Key Resistance: 0.6790, 0.7400, 0.8460

The chart is showing a clear "W" recovery pattern, indicating a potential trend reversal to the upside. The price has bounced off the 0.5732 level and is gaining momentum. If it continues to hold above the support zone, a bullish breakout is likely.

Trade Plan (Long Position):

Entry Zone: 0.6050 – 0.6150

Take Profit 1: 0.6790

Take Profit 2: 0.7400

Take Profit 3: 0.8460

Stop-Loss: Below 0.5720

Alternative Scenario:

If price gets rejected around 0.6790 or 0.7400, expect a pullback to 0.6000–0.6200 for potential re-entry before the next leg up.

Risk Management:

Risk only 3–5% of your capital. Adjust stop-loss and targets based on personal risk tolerance and market conditions.