$LAYER: Breakout or Pullback Incoming?
LAYER/USDT at a Critical Juncture!
$LAYER is currently trading around $1.2923, attempting a rebound after a sharp -27.41% daily drop. Price action is testing short-term support as trading volume begins to rise—suggesting a potential shift in momentum.
Key Levels to Watch:
• Resistance Zone: $1.3050 – $1.3480 → A breakout above this zone could confirm bullish momentum.
• Support Zone: $1.2630 → Holding this level is essential to prevent deeper downside.
Trade Setup – Prepare for 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 breakout direction:
• Bulls: Below $1.2630
• Bears: Above $1.3050
Price is at a decision point—watch for a confirmed breakout or a possible rejection pivot. Stay alert!
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