$LAYER /USDT Trading Update – Strategic Trade Setup

$LAYER /USDT is currently trading at $0.8258, showing a 12.47% decline in the last 24 hours. The price recently hit a low of $0.8168, indicating strong support at this level. The 24-hour high stands at $1.0409, suggesting a potential recovery if bullish momentum builds.

Trade Signal – Potential Long Position

Entry Zone: $0.8200 – $0.8300 (Buying near support for a strong risk-reward trade)

Target 1: $0.8700 (First resistance level)

Target 2: $0.9000 (Major resistance area)

Stop Loss: $0.7990 (Below recent support to minimize risk)

Technical Outlook

The 15-minute chart shows a bounce from the $0.8168 low, with increasing trading volume, which could indicate early bullish pressure. The 5-period moving average (MA) at $822,011.46 suggests stabilization, while the 10-period MA at $761,450.35 reflects past selling pressure. If the price holds above $0.8200, a short-term uptrend is likely.

Conclusion:

Traders can consider a buying opportunity at current levels, with a well-placed stop loss to limit downside risk. If volume continues to rise and price sustains above $0.8300, bullish momentum could push LAYER towards $0.8700 and beyond. Watch for a break of resistance levels to confirm further upside. Happy trading!#BNBChainMeme #PPIShockwave #CryptoLovePoems #BinanceAlphaAlert #Write2Earn! $LAYER