๐ $LAYER /USDT Market Overview
๐ Current Price: $1.4418 (-4.94%)
๐ 24h High/Low: $1.5578 / $1.4274
๐ 24h Volume: 30.37M USDT
๐ Mark Price: $1.44
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๐ Market Trends & Moving Averages
7-Day MA: $1.4499 (Current price slightly below short-term trend)
25-Day MA: $1.4520 (Medium-term trend slightly bearish)
99-Day MA: $1.4947 (Long-term resistance level)
LAYER is in a short-term downtrend but near key support.
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๐ Key Levels to Watch
Resistance Levels:
$1.45 โ Immediate resistance (7-day MA)
$1.47 โ Breakout level
$1.50 โ Psychological resistance
$1.55 โ 24h High, strong resistance
Support Levels:
$1.43 โ Immediate support (24h Low)
$1.42 โ Key support area
$1.40 โ Psychological support
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๐ Potential Trading Strategies
๐ข Long Setup (If LAYER Holds Above $1.43 and Breaks $1.47)
Entry: $1.45 - $1.47
Target: $1.50 - $1.55
Stop-Loss: $1.42
๐ป Short Setup (If LAYER Drops Below $1.42 with Volume Increase)
Entry: $1.42 - $1.43
Target: $1.40 - $1.38
Stop-Loss: $1.46
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โ ๏ธ Risk Alert:
LAYER is testing key support around $1.43-$1.42. A breakdown could trigger further selling.
A move above $1.47 would indicate bullish momentum.
Watch for overall market conditions before entering trades.
Would you like RSI/MACD indicators for extra confirmation?
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