Conservative Buy: $0.7760 (confirmation breakout above recent high of $0.7755 with volume)
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2. Stop-Loss Placement
Tight Stop: $0.7550 (below recent local support and MA(7))
Safer Stop: $0.7400 (below consolidation base and near MA(25))
Choose your stop-loss level based on your risk tolerance. The tighter stop offers a better risk-reward ratio but higher chance of being hit by volatility.
The chart shows a short-term consolidation after a strong downtrend. Price touched a recent low of $1.2331, showing some buying interest around that level.
The price is slightly above the MA(7), which indicates a very short-term bullish attempt, but still well below MA(25) and MA(99), indicating a bearish broader trend.
Entry Strategy:
Aggressive Entry: Around $1.26–$1.27 (current price area), assuming a bounce from $1.2331 low.
Conservative Entry: Break and close above $1.30–$1.32 to confirm short-term bullish momentum and reclaim above MA(25).
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2. Stop-Loss Placement
Below Local Support: Set stop-loss just under the recent swing low of $1.2331, preferably around $1.22. This accounts for slight wicks but protects against deeper downside.
For aggressive traders, tight stop-loss can be at $1.23.
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3. Take-Profit Targets
TP1 (Short-term resistance): $1.34–$1.35 — aligns with the MA(25) and past horizontal resistance.
TP2 (Further rebound): $1.55–$1.56 — minor resistance zone before major trendline.
Optimal Entry Zone (Pullback Buy): $11.70 – $12.00
This range sits near the 7-period MA ($12.17) and just above recent support from the breakout zone. A small pullback to this area could present a lower-risk entry.
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2. Stop-Loss Placement:
Suggested Stop-Loss: $11.20
This is just below the consolidation base and the MA(25) at $11.32, providing a buffer in case of a deeper retracement.
Risk is roughly $0.80 – $1.00 per token depending on entry.
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3. Take-Profit Target(s):
TP1 (Short-Term): $12.80 – $13.00
Near previous 24h high of $12.47; hitting psychological resistance.
TP2 (Extended Target): $13.80 – $14.20
If momentum continues, this is the likely range for the next wave.
Volume surge supports a bullish continuation scenario.
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Supporting Indicators:
MA Crossovers:
Bullish crossover with 7 MA > 25 MA > 99 MA
Volume Spike:
Strong buying volume suggests high interest and momentum.
Trend Structure:
Recent breakout from consolidation with strong follow-through.
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.
Target 3: $15.00+ (bullish continuation zone if momentum persists)
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Technical Insights:
Momentum Reversal: Price has crossed the shorter-term MAs and is testing the long-term MA(99) — a breakout above $13.91–$14.00 would signal trend reversal.
Volume Pickup: Recent green candles accompanied by higher volume — a bullish sign.
Watch for Rejection: If LINK is rejected at MA(99), consider re-entry lower (around $13.50 support).