$LAYER
The LAYER/USDT pair is showing bullish momentum with a recent price surge reaching a 24h high of $2.2188. The price is currently trading around $2.1391, slightly below the MA(7) of $2.1649, indicating a short-term pullback.
Key Indicators:
MA Support: Price is still above the MA(25) and MA(99), suggesting the uptrend remains intact.
Volume Surge: Increased trading volume confirms strong buying interest.
RSI/MACD (not shown but recommended): Check for overbought conditions before entering long positions.
Strategy:
Entry (Long): Consider entering around $2.10–$2.14 if support holds and a bounce occurs from MA(25).
Stop Loss: Place stop loss just below $2.05 (near previous support).
Target: Aim for a retest of $2.22 or higher if bullish momentum resumes.
Risk Note: Watch for breakdown below MA(25) which could signal a short-term trend reversal.
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Let me know if you want a longer version or one that includes technical indicators like RSI, MACD, or Fibonacci.