$LAYER Long
TP: 0.165 - 0.178 - 0.19
SL: 0.132
LAYER is in a strong FOMO phase after a vertical breakout from 0.10 to 0.21, then quickly dumped back to 0.146. The long upper wick on the candlestick indicates significant profit-taking pressure at the short-term peak, but the price remains above MA7 and MA25, so the bullish trend isn't completely broken yet.
The 1H RSI is still high around 75+, meaning the momentum is still strong but also signals the potential for significant volatility to continue. The sudden spike in volume shows that speculative capital is focusing on LAYER.
If it can hold the 0.132 - 0.138 range, there's a good chance the coin will go sideways to absorb before pushing up to the TP levels above. Losing 0.132 could easily lead to a retest of 0.12.
$XEC
$JASMY
#KOFI #CreatorpadVN #CFTC&SECStrengthenOversightCollaborationOnPredictionMarkets #BlackRockPlansMoneyMarketFundsforStablecoinUsers #a16zCryptoSaysRWATops$30B
TP: 0.165 - 0.178 - 0.19
SL: 0.132
LAYER is in a strong FOMO phase after a vertical breakout from 0.10 to 0.21, then quickly dumped back to 0.146. The long upper wick on the candlestick indicates significant profit-taking pressure at the short-term peak, but the price remains above MA7 and MA25, so the bullish trend isn't completely broken yet.
The 1H RSI is still high around 75+, meaning the momentum is still strong but also signals the potential for significant volatility to continue. The sudden spike in volume shows that speculative capital is focusing on LAYER.
If it can hold the 0.132 - 0.138 range, there's a good chance the coin will go sideways to absorb before pushing up to the TP levels above. Losing 0.132 could easily lead to a retest of 0.12.
$XEC
$JASMY
#KOFI #CreatorpadVN #CFTC&SECStrengthenOversightCollaborationOnPredictionMarkets #BlackRockPlansMoneyMarketFundsforStablecoinUsers #a16zCryptoSaysRWATops$30B
