🚀 $BTR /USDT EXPLOSION: +87% Surge & Trading Forecast! 📈
The market is heating up! $BTR (Bitlayer) has just delivered a massive vertical move, skyrocketing over 87% in a single day. With a 24h volume hitting $237.21M, the bulls are clearly in control of this Bitcoin Layer 2 powerhouse.
🔍 Technical Breakdown:
Parabolic Momentum: The price has pierced the upper Bollinger Band ($0.1037), signaling extreme bullish strength.
RSI Alert: With the RSI(6) at 90.8, we are in deep overbought territory. While the trend is strong, a healthy consolidation is likely.
L/S Ratio: The 51.57% Short ratio suggests many are betting against the pump—a classic setup for a short squeeze if resistance breaks!
🎯 Trade Forecast:
Based on the current volatility and extension from the MB ($0.057), look for a pull-back entry.
Entry Zone: $0.1150 - $0.1200 (Retest of local support)
Take Profit: $0.1450 (Psychological resistance)
Stop Loss: $0.0980 (Below upper Bollinger support)
Trade smart and ride the wave! 🌊
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