📉 UMA/USDT Tightening – Reversal Zone Approaching? 🔍
$UMA is trading at $1.124 (-1.58%), near the 24h low of $1.108, and holding just above EMA(7): $1.122, while still under:
EMA(25): $1.128
EMA(99): $1.160
24h High: $1.147
Volume: 870K UMA | $984K USDT
The price is compressing in a narrow support zone, and a bounce is likely if bulls hold the $1.10–$1.12 level.
📊 Trading Plan: • Entry Zone: $1.108 – $1.125
• Take Profit 1: $1.145
• Take Profit 2: $1.160
• Take Profit 3: $1.185
• Stop Loss: $1.096
📈 Keep an eye on volume — a strong candle above $1.128 could flip short-term trend bullish.
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