【$LAYER Signal】Waiting for a bullish callback - 4H overbought correction, 1H top divergence awaiting repair

$LAYER 4H RSI 79.22, operating in the overbought zone. 1H MACD bars shrink from 0.0049 to 0.0012, bullish momentum clearly slowing down. Price touches the upper Bollinger Band at 0.1327 and pulls back, with a gap in buying depth—Bid/Ask Ratio only 1.04, selling pressure is accelerating. Negative funding rate of -0.0825% suggests shorts are continuously paying, but open interest remains stable, indicating intense battle between bulls and bears.
This high-level consolidation after a sharp rise depends critically on entry price control. Waiting for the price to retrace to around 0.11885, where EMA20_1h (0.1221) resonates with the middle Bollinger Band; if the 1H RSI stabilizes then, the rebound probability is higher.
🎯Direction: Go long (wait for a pullback to enter)
⚡Entry/Order: 0.11885
🛑Stop loss: 0.09423
🚀Target 1: 0.12567
🚀Target 2: 0.13616
🛡️Trade management: - Split position into two batches: enter at 0.11885 with initial position, add more if it drops further to 0.1140 (flexible). After reaching Target 1, reduce position by 50%, move stop loss up to 0.11885. If the price falls below 0.11885, exit all positions.
(Depth logic: 1H Bollinger Bands flatten, price quickly pulls from the lower band to the upper band then back, retracing to the middle band is a common correction path. 4H volume in the 0.143 area significantly shrinks, indicating weakening capital absorption, short-term selling pressure needs to be released.)
Check real-time market 👇 $LAYER
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