🚨 $UMA / USDT Breakdown Watch – Bearish Continuation in Play! 🚨
🔻 Current Price: $1.387
📉 24H Range: $1.321 – $1.748
🔍 Technical Outlook:
🔸 UMA remains locked in a descending channel, forming consistent lower highs and lower lows—no bullish reversal signals yet.
🔸 Momentum is weak, and volume remains subdued, reinforcing the bearish bias.
📊 Key Levels to Watch:
🔹 Resistance: $1.45
🔹 Immediate Support: $1.32
🔹 Major Support Zone: $1.28 – $1.30
💰 Trade Setup (Short Bias):
🔻 Ideal Entry Zone (Bounce Rejection): $1.40 – $1.43
🔻 Stop Loss: $1.46
🎯 Targets:
✅ TP1: $1.34
✅ TP2: $1.30
✅ TP3: $1.28
🔥 Market Insight:
📉 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.
💡 Pro Tip:
🔹 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.
⚠️ Stay sharp! Bearish pressure still intact—keep an eye on volume spikes for potential breakdowns.
📢 Follow for real-time UMA updates & high-accuracy trading signals! 🚀
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