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📌 Entry Zone:
🔹 1.72 – 1.77 USDT
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🎯 Targets:
✅ Target 1: 1.85 USDT
✅ Target 2: 1.95 USDT
✅ Target 3: 2.10 USDT
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🛑 Stop Loss:
🔻 1.69 USDT
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📊 Technical Analysis:
🔸 LAYER is experiencing a sharp decline from the recent peak at 3.11, but it is forming a strong support base near 1.59 USDT, with relative stability around 1.76.
🔸 RSI = 44.55, does not indicate overselling, which means there is potential for a technical rebound.
🔸 MACD is still negative (−0.0032), but the lines are very close to a positive crossover, which may indicate a near change in momentum.
🔸 Trading volume is relatively low, indicating caution, and we need a strong move to break this sideways pattern.
💡 Bullish Confirmation: A clear breakout above 1.85 with increased trading volume will be an early signal for a trend reversal targeting 2.00 and above.
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📢 Risk Management:
✔️ Take partial profits at each target, especially in case of high volatility.
✔️ Maintain a strict stop loss below 1.69 to avoid any sudden drop.
✔️ If the price continues to move sideways, watch for MACD crossover signals and rising RSI to confirm re-entry.
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My Opinion:
The price is testing critical support levels and may be in a consolidation phase before a breakout. Despite the previous downtrend, there are indications of a potential rebound if momentum improves, but entry needs careful monitoring of trading volume and indicator crossovers.
Are you thinking of entering now in hopes of a rebound? Or are you waiting for a breakout at 1.85 to confirm the trend?
