$LAYER ๐จ LAYER/USDT โ Navigating the Waves! ๐๐ฅ
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๐ Market Snapshot:
๐ฐ Current Price: $1.39
๐ 24h High / Low: $1.91 / $1.36
๐ 24h Change: -16.76%
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๐ 1H Technical Overview:
Trend: Bearish momentum with recent lower lows and highs.
Support Levels: $1.36, $1.30
Resistance Levels: $1.50, $1.60
Indicators:
RSI: Around 40, indicating bearish momentum
MACD: Bearish crossover, suggesting downward pressure
Volume: Increasing, indicating strong selling interest
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โ Spot Strategy โ Cautious Approach:
๐ฅ Entry Zone: $1.36 โ $1.39
๐ฏ Targets:
TP1: $1.50
TP2: $1.60
๐ Stoploss: Below $1.30
> LAYER is showing bearish momentum. Consider entering on rallies and monitor for volume confirmation.
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โก Futures Plan โ Short-Term Play:
๐ LONG Setup:
Entry: $1.36 โ $1.39
Targets:
TP1: $1.50
TP2: $1.60
Stoploss: Below $1.30
> Look for bullish reversal patterns and increasing volume.
๐ SHORT Setup:
Entry: $1.50 โ $1.60
Targets:
TP1: $1.40
TP2: $1.36
Stoploss: Above $1.65
> Watch for rejection at resistance levels and declining volume.
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โ ๏ธ Risk Radar โ Caution Advised!
Trend: Bearish on 1-hour chart; potential for continuation.
Volume: Increasing, indicating strong selling interest.
Support Zone: $1.36 โ $1.30; monitor for potential breakdown.
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๐ฎ Final Thoughts โ LAYER's Path Ahead:
LAYER is currently in a bearish trend with increasing volume. Traders should remain vigilant and consider waiting for clearer signals before entering positions. ๐๐