$LAYER I’m watching this move after a sharp impulse up and a clean consolidation above the base.

Reason

I’m seeing strong buying interest after the push from the lows. Sellers tried to pull price back down, but they failed to break structure. The repeated rejections from below tell me buyers are still defending this zone.

Market read

On the 15m chart, price expanded toward 0.2166 and then pulled back in a controlled way. Instead of dumping, price is ranging and holding support. This looks like consolidation after expansion, not weakness.

Entry point

I’m looking to enter between 0.192 and 0.198, where price is holding above the short term support.

Target point

TP1 0.205

TP2 0.216

TP3 0.230

These levels align with prior rejection zones and the next upside expansion area.

Stop loss

0.184

If price breaks and holds below this level, the setup fails and I’m out.

How it’s possible

Liquidity below 0.185 was taken earlier, weak hands exited, and price is compressing above demand. If buyers step back in with momentum, continuation toward the highs is very possible.

I’m staying patient and trading what price confirms.

Let’s go and Trade now $LAYER