For LAYER on the 4H chart, price is extremely extended after a strong breakout candle. RSI is above 90, so chasing here is risky. A safer setup is to trade either the pullback or a breakout continuation.
Long Setup (Safer Pullback Entry)
Entry Zone: 0.1080 – 0.1120
Stop Loss: 0.1010
Take Profit 1: 0.1245
Take Profit 2: 0.1320
Take Profit 3: 0.1400
Reason:
Previous breakout area + Bollinger upper band retest
Strong momentum trend still bullish
MACD expansion supports continuation
Aggressive Breakout Setup
Entry: Candle close above 0.1250
Stop Loss: 0.1170
Targets: 0.1350 → 0.1450
Short Setup (High Risk Counter-Trend)
Only if rejection appears near 0.1240–0.1270 with bearish candles.
Entry: 0.1230 – 0.1250
Stop Loss: 0.1290
Targets: 0.1150 → 0.1080
Risk Management:
Use max 1–2% account risk
Avoid overleveraging because volatility is very high right now
Wait for candle confirmation instead of market buying the pump
Key Levels:
Resistance: 0.1248 / 0.1320
Support: 0.1060 / 0.0970$LAYER
