š LAYER Explodes Past $1 ā A Breakout Just as Expected! š„
The long-awaited moment has arrivedā$LAYER
has shattered the $1 barrier, surging to an impressive $1.1030! As anticipated, this breakout confirms the strong bullish momentum behind the token. With buyers flooding the market and volume increasing, LAYER could be setting up for its next leg higher, potentially targeting $1.20 - $1.50 if the momentum holds. Congratulations to all holders who stayed patientāthis rally might just be getting started!
š LAYER/USDT ā Holding Strong Above $1.00?
Currently trading at $1.04, LAYER is up 20.47% after reaching a 24-hour high of $1.1030. While the surge was significant, a minor pullback suggests that some traders are taking profits. The key question now is whether LAYER can maintain its position above the critical $1.00 level to sustain its bullish momentum.
š Key Technical Levels to Watch
Resistance: $1.10 ā A decisive breakout here could pave the way toward $1.15 and $1.20.
Support: $1.00 ā Losing this level may trigger a retracement toward $0.95 and $0.89.
š Market Indicators & Trade Setup
ā Parabolic SAR: Bullish momentum remains intact.
ā MACD: Still in positive territory, though showing early signs of slowing down.
ā Volume: Strong buying activity, but some cooling off is evident.
š” Trade Strategy:
Long Entry: Above $1.05, aiming for $1.10 and $1.15.
Short Entry: Below $1.00, with potential downside targets at $0.95 and $0.89.
Stop Loss: Placing a stop at $0.98 to manage risk effectively.
LAYER has demonstrated incredible strength with this breakout, but all eyes are on whether it can hold support above $1.00 to fuel further upside momentum. Keep a close watchāthis could be the start of a much larger move! šš„