$LAYER /USDT on Binance and seem interested in going long. Let’s break down what the data is telling us before jumping in:

Current Price: $0.1542 (+8.82% over the last 24h)

24h High/Low: $0.1692 / $0.1410 → price recently bounced off the low, showing upward momentum.

Volume: 28.31M LAYER / 4.30M USDT → decent liquidity, meaning your trades shouldn’t slip too much.

Chart hints:

The 15m, 1h, and 4h timeframes can show momentum. If short-term candles are green with higher lows, that’s a bullish signal.

Resistance seems around $0.1692 (recent high), and support around $0.1410 (recent low).

Quick thoughts if going long:

Entering near $0.1542 has potential if momentum continues.

Watch for resistance at $0.169; could take profit or set a trailing stop.

Risk management is key: consider stop-loss slightly below $0.1500, the recent small