$LAYER /USDT Trade Setup

General Overview:

24h Price Change: +6.84% (bullish momentum)

24h Volume (LAYER): 13.30M (moderate volume, strong interest)

24h Low/High: $2.3500 / $2.7350 (good price range, currently closer to the high)

Bullish Scenario:

If LAYER continues to rally:

Entry Zone: $2.660 - $2.670 (current price or slight pullback)

Stop Loss: $2.640 (below recent support)

Target Levels:

TP1: $2.700 (near the previous high)

TP2: $2.735 (next key resistance)

TP3: $2.800 (psychological level)

Conditions to Watch:

Volume Confirmation: Increasing volume to confirm the upward momentum.

RSI: RSI should remain above 50 for confirmation of strength.

Bearish Scenario:

If the price starts to pull back:

Entry Zone: $2.650 - $2.640 (if price retraces)

Stop Loss: $2.670 (just above recent resistance)

Target Levels:

TP1: $2.600 (near the support zone)

TP2: $2.550 (stronger support)

TP3: $2.500 (next potential support level)

Conditions to Watch:

Volume Decrease: A drop in volume can suggest the uptrend is slowing down.

RSI: RSI dropping below 50 could indicate a reversal or weakening of the trend.

Key Levels to Watch:

Summary:

Above $2.660 = Bullish bias, targeting $2.700 - $2.735

Below $2.640 = Bearish bias, targeting $2.600 or lower

Let me know if you'd like further adjustments or need additional insights on this trade setup!

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