📉 $LAYER /USDT Market Analysis - Binance
🔹 Current Price: $0.7348 (-0.27%)
📊 Timeframe: 15-Minute Chart
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🔍 Market Overview:
✅ LAYER has been in a strong downtrend with lower highs and lower lows.
✅ Current price is struggling to reclaim $0.75.
✅ The downtrend appears to be stabilizing, but momentum remains weak.
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📌 Potential Trading Setup
🔻 Bearish Scenario (If Price Stays Below $0.75 Resistance)
📌 Sell Entry: Below $0.73
🎯 Target 1: $0.72 ✅
🎯 Target 2: $0.70 ✅
🎯 Target 3: $0.6899 (Final Support)
❌ Stop Loss: Above $0.75
Bearish Confirmation:
Failure to break above $0.75 resistance.
Rejection candle at the resistance level.
Continued downward price action with lower highs.
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🔹 Bullish Scenario (If Price Breaks Above $0.75 and Holds)
📌 Buy Entry: Above $0.75
🎯 Target 1: $0.78 ✅
🎯 Target 2: $0.80 - $0.81 ✅
🎯 Target 3: $0.8599 (Key Resistance)
❌ Stop Loss: Below $0.73
Bullish Confirmation:
Breakout above $0.75 with strong volume.
Candle closes above $0.75 resistance.
RSI and volume indicate increasing momentum.
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⚠️ Final Thoughts:
📌 LAYER is still in a downtrend, but price stabilization is happening.
📌 Watch for a breakout above $0.75 for bullish momentum.
📌 If rejection happens, expect another leg down toward $0.70 - $0.6899.
🚀 Wait for confirmation before entering a trade!
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