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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.