$LAYER

Chart Summary:

Current Price: $1.3040

24h High/Low: $1.9196 / $1.2630

Trend: Strong downtrend confirmed by falling price, declining moving averages, and increasing volume on red candles.

Key MAs:

MA(7): $1.3628

MA(25): $1.6328

MA(99): $2.5165

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1. Entry Point:

Since LAYER is in a downtrend, consider:

Conservative Entry (Short-Term Reversal): If price reclaims $1.36–$1.40 with strong volume and bullish candles (e.g., bullish engulfing), indicating a break above MA(7).

Aggressive Entry (Dip Buy): Near current support zone around $1.26–$1.30, ideally after consolidation or bullish divergence on RSI (not shown but recommended to check).

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2. Stop-Loss Placement:

Below recent swing low at $1.25 (tight risk).

More conservative SL: $1.20, allowing room for volatility but increasing risk.

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3. Take-Profit Target(s):

TP1: $1.45 – resistance near recent MA(25) breakdown.

TP2: $1.63 – aligns with MA(25), strong resistance zone.

TP3 (ambitious): $1.90 – previous 24h high, possible if momentum shifts bullish.

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Risk/Reward Example (Aggressive Entry):

Entry: $1.30

SL: $1.25 (-3.8%)

TP1: $1.45 (+11.5%)

TP2: $1.63 (+25.4%)