$LAYER USDT - Bulls Taking Control? ๐๐ฅ
$LAYER is showing impressive strength after bouncing from 1.2216, marking a significant higher low on the 1-hour timeframe. This surge comes as price reclaims key moving averages, signaling a potential shift in momentum. With RSI at 72.90, we're nearing overbought territory, but that doesnโt mean the move is over just yetโstrong trends can stay elevated longer than expected.
Key Smart Money Insights
๐น Fair Value Gap (FVG): The price has efficiently filled the imbalance between 1.2889 (EMA 7) and 1.3017 (EMA 25), showing that buyers are stepping in with strength.
๐น Breaker Block Retest: The 1.2893 (EMA 99) level, previously acting as resistance, is now flipping into a potential support zoneโthis is a classic SMC confirmation.
๐น Liquidity Grabs & Market Structure: The wick rejection at 1.5050 suggests a liquidity pool resting above, which smart money might target in the coming sessions.
Possible Price Scenarios ๐๐
๐ Bullish Breakout: If price confidently breaks above 1.3321, we could see a strong push toward 1.3777 (24H high). Above this level, the next key target would be 1.4000+, where further liquidity resides.
๐ Bearish Rejection: However, if price fails to hold above 1.3321, a retracement toward 1.2889 (EMA 7) is likely. If that level doesnโt hold, we may see a deeper retest of 1.2700 before another push higher.
Final Thoughts
With strong volume backing this move and key levels lining up, LAYER is at a crucial decision point. A confirmed breakout could lead to significant upside, while a failure here might trigger a retest before another rally. Either way, smart traders will be watching these zones closely!
๐ Set alerts and be readyโvolatility is incoming!
Short/Long here ๐ Buy/hodl ๐ $LAYER
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