$LAYER $LAYER 8h Price Chart Analysis: - I expect the price to attempt another rally if 0.0640 holds as support, so my bias leans bullish as long as price stays above this level 💚
- If there's a manipulation/sweep below 0.0640—especially if it reaches towards 0.0599—and then price reverses with a strong bullish candle, that's the ideal long entry scenario. Enter on the confirmation candle, targeting first 0.0702, then 0.0740, and if momentum persists, 0.0780-0.0816. Stop-loss should go below the swing low that forms after the sweep.
- If price breaks and closes below 0.0599, especially with volume and no reversal wick, the bullish scenario is invalid and I'd expect further downside towards 0.0530.
- For a conservative breakout long, wait for a candle close and retest above 0.0702 with bullish structure. Confirmation could be a lower timeframe break/retest or a bullish engulfing pattern.
- Remember, always wait for confirmation! Look for pin bars, strong wicks, bullish engulfing, or lower timeframe reversal patterns before acting — don't jump in blindly just because price taps a level!
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