Technical analysis by enesay9881 about Symbol LAYER: Buy recommendation (5/7/2025)

I entered a position in LAYER at 1.40 USDT. This level was previously a strong support zone, both horizontally and within the ascending channel, making it a technically sound entry point. My target is a potential move back to the 2.50 – 3.00 USDT range. However, I’m prioritizing risk management. That’s why I’ve set my stop-loss at 1.20 USDT, which is just below a key support level. If the price breaks below this, it could indicate further downside, so I’m prepared to exit the position. My strategy: Entry: 1.40 USDT Target: 2.50 – 3.00 USDT Stop-Loss: 1.20 USDT Based on my technical analysis, there is a high probability of a rebound from this area. But in case of further breakdown, I’ll manage my risk accordingly with this plan.