$LAYER /USDT – Bulls Breakout Setup Ahead! 🔥
$LAYER corrected from the $0.6008 peak and tested fresh support at $0.5594, where buyers stepped in to defend. Price is now attempting a rebound, and bulls may eye a breakout if momentum continues.
Key Levels:
Support: $0.559 – $0.563
Resistance: $0.575 – $0.585
Breakout Trigger: $0.600+
Extended Resistance: $0.612
Trade Setup:
Entry: $0.563 – $0.568 (accumulation zone near support)
Stop Loss: $0.554 (below recent low)
Take Profit 1: $0.575
Take Profit 2: $0.585
Take Profit 3: $0.600 – $0.612 (bullish extension)
Market Sentiment:
Bears pushed LAYER lower after rejection at $0.600, but the defense at $0.559 shows strong buyer interest. A close above $0.575 would be the first sign of strength, while a breakout past $0.600 could confirm a bullish continuation.
#AKEBinanceTGE #FOMCMinutes #ETHInstitutionalFlows #HEMIBinanceTGE