šØ
$UMA / USDT Breakdown Watch ā Bearish Continuation in Play! šØ
š» Current Price: $1.387
š 24H Range: $1.321 ā $1.748
š Technical Outlook:
šø UMA remains locked in a descending channel, forming consistent lower highs and lower lowsāno bullish reversal signals yet.
šø Momentum is weak, and volume remains subdued, reinforcing the bearish bias.
š Key Levels to Watch:
š¹ Resistance: $1.45
š¹ Immediate Support: $1.32
š¹ Major Support Zone: $1.28 ā $1.30
š° Trade Setup (Short Bias):
š» Ideal Entry Zone (Bounce Rejection): $1.40 ā $1.43
š» Stop Loss: $1.46
šÆ Targets:
ā
TP1: $1.34
ā
TP2: $1.30
ā
TP3: $1.28
š„ Market Insight:
š Bearish momentum remains dominant, with UMA likely to test its bottom channel support. A break below could accelerate downside, especially if DeFi sector weakness continues.
š” Pro Tip:
š¹ Look for rejection candles near the midline or upper trendline of the descending channel to time short entries. Scalpers can use these bounces for re-entries.
ā ļø Stay sharp! Bearish pressure still intactākeep an eye on volume spikes for potential breakdowns.
š¢ Follow for real-time UMA updates & high-accuracy trading signals! š
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