Based on the $LAYER /USDT chart you've provided, it appears to show a sharp initial spike followed by a steady downtrend, with some consolidation towards the current price of 0.7850. This pattern suggests the possibility of a breakout if buying pressure increases.
Trading Signal for LAYER/USDT (Similar Pattern to SOLV/USDT):
š¢ Entry: 0.7850 (current price around consolidation)
šÆ Take Profit (TP): 0.8500 (targeting a potential breakout)
ā Stop Loss (SL): 0.7500 (below the consolidation support)
š Reason: After a strong downtrend, the price is consolidating, indicating potential for a breakout if volume increases. Risk management is crucial given the recent volatility.
#LAYEROnBinance #LTC&XRPETFsNext?