$LAYER /USDT TECHNICAL ANALYSIS – BULLS ARE IN CONTROL 🚀
Bullish Continuation Likely:
Price has surged +16.69% and is holding above the prior breakout zone, showing strong momentum and active participation (high volume). As long as price sustains above the key support, buyers are likely to push for a continuation toward higher resistance levels.
Immediate Market Move (Explanation):
The chart shows a strong impulsive move with higher highs and higher lows on lower timeframes. Pullbacks are being bought near the 0.18–0.185 zone, indicating accumulation. A clean hold above 0.19 increases the probability of a retest and break of recent highs
Trade Setup (LONG)
Entry: 0.185 – 0.190 (on pullback/confirmation)
Targets (TP):
TP1: 0.195
TP2: 0.205
TP3: 0.220
Stop Loss (SL): 0.172 (below key support)
Aggressive traders can trail SL once TP1 is hit.
Short Market Outlook
Overall bias remains bullish while above 0.18. A breakout above 0.195 could accelerate upside. A breakdown below 0.172 would weaken the structure and signal consolidation or a deeper pullback.
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