$LAYER is currently hovering around $1.2169, finding footing just above short-term support after a rebound from $1.2132. While recent selling has tested bulls, they're now eyeing a reclaim above key resistance.
Key Levels to Watch:
• Resistance Zone: $1.2180 – $1.2250
A decisive breakout here could fuel momentum toward:
• Target 1: $1.2380
• Target 2: $1.2550
• Support Zone: $1.2020 – $1.1950
A breakdown below this range may invite sellers aiming for:
• Target 1: $1.1850
• Target 2: $1.1700
Trade Setup – Tug of War in the Neutral Zone:
• Bullish Outlook:
• Entry: Above $1.2180
• Targets: $1.2380 and $1.2550
• Stop-Loss: Below $1.2020
• Bearish Outlook:
• Entry: Below $1.1950
• Targets: $1.1850 and $1.1700
• Stop-Loss: Above $1.2180
Order book activity suggests growing resistance pressure—will bulls punch through, or is a rejection on deck? Stay sharp and manage your risk accordingly.
#TradeOfTheWeek #BTCBackto100K
