$LAYER Bulls Gearing Up! Price Action Breakout in Progress🔐🔑👇
Current Price: $2.609
Timeframe: 1H & 1D
Chart Analysis:
Trend: Strong bullish momentum observed in both 1H and 1D timeframes. $LAYER Price is trading above all major EMAs.
Structure: Clear CHoCH (Change of Character) and BOS (Break of Structure) confirm a trend reversal and continuation.
Support Levels: 🪴
Green: $2.448
Blue: $2.332
Yellow: $2.244
Red: $2.150
Formed Candle & Pattern: 📊
Multiple bullish continuation candles forming higher highs and higher lows; breakout is being sustained.
Why Bullish? 🤔🔥
Price comfortably holding above 20EMA and 50EMA.
Volume and volatility increasing during the breakout.
Stochastic RSI is lifting from mid-zone, supporting fresh upside momentum.
Trading Strategy Plan:🧑💻
Entry Zone: Buy on dips near $2.48–$2.50✅
Targets: $2.80 / $3.00 / $3.30🎯
SL (Stoploss): Below $2.44☣️
Trade Duration: Short to Medium Term⌛
Takeaway:🧑🏫
Momentum is in favor of bulls. As long as the $LAYER price holds above the green support, dips can be seen as fresh entries. Next major resistance lies near the $3.10–$3.30 zone.
👨❤️👨"Discipline in entries, patience in exits — that’s how winners are made."
Disclaimer: ⚠️
This post is for educational purposes only. Not financial advice. Always DYOR before investing or trading.