LAYER's 1-hour trend has formed an interesting technical pattern. At the strong support zone around 0.1574 on the lower band of the Bollinger Bands, the price tested the bottom twice and formed a "W" bottom structure (left bottom 0.1574, right bottom 0.1574, neckline 0.1623). The key point is that the right bottom broke out with increased volume—24-hour trading volume just surged to a new high of 31.4 million, a classic volume-price resonance.
From the technical indicators, almost all signals are bullish. The middle band of the Bollinger Bands has turned upward, and the current price is firmly above the support level of 0.1623; the MACD green histogram momentum is waning, and DIF is about to cross above DEA; the KDJ lines are moving in the 70-89 range, with J-line showing signs of turning upward; RSI(6) reads 81.28, approaching overbought, but volume divergence is absent. During the main upward wave, this signal can be ignored.
If you want to participate, the range of 0.1623-0.1650 is a suitable entry point, with a target of 0.1750. Of course, all trading involves risks, so manage your risk accordingly.
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MEVvictim
· 4h ago
W bottom breakout with increased volume, this trick is old, still depends on whether the trading volume can hold up
However, the indicators are quite neat, which is interesting, just worried about the main force dumping
Before entering, still need to set a stop loss, don't get caught in a trap
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AirdropFatigue
· 4h ago
W bottom volume breakout, this move indeed looks promising
Wait, RSI is already at 81, and you're still chasing? I'm scared now
Volume-price resonance sounds good, but I've seen too many signals like this
Entering at 0.1650 seems okay, but the target at 0.1750 feels a bit risky
If it can't break 0.1623, it's just a false breakout, and we'll have to go back to eating noodles
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DarkPoolWatcher
· 4h ago
W bottom volume breakout, this move is indeed familiar. Now it's just a matter of whether it can truly hold above 0.1623.
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MetaverseVagabond
· 4h ago
Wow, W bottom volume breakout, this wave really has some potential
Is LAYER about to take off? RSI is already at 81 and there's still no divergence?
Again with the volume-price resonance and golden cross, are all these indicators stacked like this really legit?
Entering at 0.1623 feels a bit late, I should have gotten in earlier
Wait, why do some people always say overbought doesn't matter? Why do I keep getting played?
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MoonWaterDroplets
· 5h ago
W bottom volume breakout, this move is indeed something special
Oh no, another overbought signal, I'm just worried about a pullback at this point
If 0.1623 doesn't hold, we might need to retest, better to keep some bullets just in case
With such strong volume, be careful chasing the highs, everyone
Feels like a trap to shake out the weak, caution is definitely wise
LAYER's 1-hour trend has formed an interesting technical pattern. At the strong support zone around 0.1574 on the lower band of the Bollinger Bands, the price tested the bottom twice and formed a "W" bottom structure (left bottom 0.1574, right bottom 0.1574, neckline 0.1623). The key point is that the right bottom broke out with increased volume—24-hour trading volume just surged to a new high of 31.4 million, a classic volume-price resonance.
From the technical indicators, almost all signals are bullish. The middle band of the Bollinger Bands has turned upward, and the current price is firmly above the support level of 0.1623; the MACD green histogram momentum is waning, and DIF is about to cross above DEA; the KDJ lines are moving in the 70-89 range, with J-line showing signs of turning upward; RSI(6) reads 81.28, approaching overbought, but volume divergence is absent. During the main upward wave, this signal can be ignored.
If you want to participate, the range of 0.1623-0.1650 is a suitable entry point, with a target of 0.1750. Of course, all trading involves risks, so manage your risk accordingly.