Layer (LAYER) / USDT Trading Analysis
1. Technical Analysis (Using 4H / 1D chart)
Trend:
Look for Higher Highs and Higher Lows in an uptrend.
Look for Lower Highs and Lower Lows in a downtrend.
Support and Resistance Levels:
Support: Key levels where price bounced up repeatedly.
Resistance: Levels where price faced rejection multiple times.
Indicators to Use:
RSI: Above 70 = Overbought (possible sell zone), below 30 = Oversold (possible buy zone)
MACD: Crossover signals trend shifts
Moving Averages (EMA 20/50): Price above EMAs = bullish signal
2. Fundamental Analysis
Project Purpose: What real-world problem does Layer solve?
Team and Partnerships: Strong teams and partnerships often lead to long-term growth
Exchange Listings: News about listings on big exchanges (like Binance) can drive price spikes
3. Example Trading Plan
Entry Zone: Around a support level (e.g., $0.00X)
Target 1: First resistance level (e.g., $0.00Y)
Stop Loss: Slightly below support (e.g., $0.00Z)
Would you like me to fetch the current live price, support/resistance, and indicators for LAYER/USDT from the web?
