Price: 1.1985 | EMA7: 1.86 | EMA25: 2.19 | RSI14: 32.63 | Resistance: 3.4303 | Support: 0.2 | Average Volume: 32036906.72 | Volume Trend: Increasing
LAYERUSDT shows strong bearish momentum.
**Entry:**
* **Short:** Entry near current price (1.1985) with stop loss above recent high (consider 1.8590).
* **Long:** Wait for strong bullish reversal signal, ideally above established resistance (3.4303) .
**Spot Buy:** Not recommended in current downtrend.
**Rationale:**
* Price is significantly below both EMAs, indicating strong selling pressure.
* RSI is in oversold territory (32.62) suggesting potential for a bounce, but not enough to recommend a buy.
* Increasing volume supports the downtrend.
Monitor for bullish divergence or a clear reversal pattern before considering a long position. Volatility remains high.