📈 $LAYER/USDT Technical Breakdown – April 11, 2025
We’re seeing a strong bullish structure forming on $LAYER as price breaks out of a prolonged accumulation phase and heads toward key resistance.
🔍 Chart Overview
Price Action: Price is currently trading at 1.9320 USDT, breaking out of the previous range highs around 1.70 USDT.
Structure: Higher lows and steady volume buildup signal healthy momentum. A textbook breakout scenario.
Support Zones:
First key support: 1.70 - 1.68 USDT (previous resistance, now turned support)
Major support: 1.35 - 1.40 USDT (trendline + previous demand area)
📌 Entry Ideas
Breakout Retest Entry: Watch for a potential pullback toward 1.70 USDT. If it holds, this could be a solid entry zone for continuation.
Aggressive Entry: Some traders might enter on continuation above 1.95 USDT with strong volume confirmation.
🎯 Upside Targets
Target 1: 2.20 USDT – Closest resistance, marked by the upper consolidation zone from the chart.
Target 2: 2.50 USDT – Mid-term level if bullish momentum continues.
Target 3: 3.00+ USDT – Psychological round number and historical high zone.
🧠 Trade Management
Stop-loss: Below 1.65 USDT, in case of failed breakout and close back inside range.
Risk Management: Position sizing according to risk/reward. R:R of at least 2:1 from retest entry.
📊 RSI Note
RSI is currently hovering around 70, showing strong momentum, but entering overbought territory – monitor for divergence or weakness on lower timeframes.
enjoy and good trading!
We’re seeing a strong bullish structure forming on $LAYER as price breaks out of a prolonged accumulation phase and heads toward key resistance.
🔍 Chart Overview
Price Action: Price is currently trading at 1.9320 USDT, breaking out of the previous range highs around 1.70 USDT.
Structure: Higher lows and steady volume buildup signal healthy momentum. A textbook breakout scenario.
Support Zones:
First key support: 1.70 - 1.68 USDT (previous resistance, now turned support)
Major support: 1.35 - 1.40 USDT (trendline + previous demand area)
📌 Entry Ideas
Breakout Retest Entry: Watch for a potential pullback toward 1.70 USDT. If it holds, this could be a solid entry zone for continuation.
Aggressive Entry: Some traders might enter on continuation above 1.95 USDT with strong volume confirmation.
🎯 Upside Targets
Target 1: 2.20 USDT – Closest resistance, marked by the upper consolidation zone from the chart.
Target 2: 2.50 USDT – Mid-term level if bullish momentum continues.
Target 3: 3.00+ USDT – Psychological round number and historical high zone.
🧠 Trade Management
Stop-loss: Below 1.65 USDT, in case of failed breakout and close back inside range.
Risk Management: Position sizing according to risk/reward. R:R of at least 2:1 from retest entry.
📊 RSI Note
RSI is currently hovering around 70, showing strong momentum, but entering overbought territory – monitor for divergence or weakness on lower timeframes.
enjoy and good trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.