$LAYER BREAKOUT OR PULLBACK?
LAYER/USDT AT CRITICAL JUNCTURE!
$LAYER is currently trading at $1.2768 after a sharp -27.41% daily drop. Price is hovering near short-term support, with buyers attempting to defend this zone as volume builds.
Key Levels to Watch
• Resistance Zone: $1.3050 – $1.3480 – A break above these levels could trigger a bullish recovery.
• Support Zone: $1.2630 – Holding this area is crucial to avoid deeper downside pressure.
Trade Setup – Expect Volatility!
Bullish Scenario:
• Entry: Above $1.3050
• TP1: $1.3280
• TP2: $1.3480
Bearish Scenario:
• Entry: Below $1.2630
• TP1: $1.2300
• TP2: $1.1850
Stop-Loss: Use tight stops based on direction—below $1.2630 for bulls, above $1.3050 for bears.
Price is at a decision point—watch for breakout confirmation or a potential rejection pivot!