š $UMA /USDT ā Bullish Playbook
Current Price: $1.567
Trend Structure:
Price has broken above the key moving averages (MA 7, 25, 99), suggesting a short-term bullish momentum shift.
Volume spikes indicate accumulation.
šÆ Targets (High-Risk Swing Setup)
šÆ Target 1: $2.10
First local high from August ā psychological resistance
š Action: Sell 1/3 of position here to derisk
šÆ Target 2: $2.80
Reversal zone from March breakdown. Historical volume node.
šÆ Target 3: $3.60
Major breakdown origin in February ā strong resistance with high confluence
š”ļø Support Level
Strong Support: $1.40
Backtest zone of the breakout region + 7EMA cross
Also matches volume cluster from August
š§ Strategy Notes:
Maintain trailing stop below $1.40 after reaching Target 1
Momentum confirmation above $1.70 on volume would strengthen bullish thesis
High-risk swing play ā ideal for partial scaling out on the way up