$LAYER

/USDT Technical Analysis & Trade Signal

Current Price: $2.69 (+8.05%)

Technical Indicators:

RSI: 60 – Indicates moderate bullish momentum, close to overbought.

EMA: Price above 50 EMA, indicating a short-term bullish trend.

MACD: Bullish crossover, suggesting upward momentum.

Key Levels:

Support: $2.52 (market depth) and $2.35 (24h low)

Resistance: $2.74 (recent high) and $2.80 (psychological resistance)

Trade Signal (Bullish Bias):

Entry Point: Buy near $2.68 or lower for a good entry.

Target Levels:

Target 1: $2.74 (resistance level)

Target 2: $2.80 (next resistance)

Target 3: $2.90 (extended bullish target)

Stop Loss: $2.55 (below recent support)

Momentum:

Bullish Trend: Indicators support upward movement, with the potential to break the $2.74 resistance. Watch for pullbacks around support levels to enter.

Monitor: If the price falls below $2.55, consider reevaluating the position.

Risk Management: Essential to use stop-loss to protect against potential reversal. Keep an eye on market conditions for confirmation.

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