🏷️UMA/USDT PRICE ANALYSIS:
✅ Current Overview:
Current Price: $1.356
24h High/Low: $1.450 / $1.049
MA60: $1.349 (price slightly above MA60 = potential bullish support)
24h Volume: 7.16M UMA → Healthy interest
Performance: +21.42% today, but 1-Year still down 59.49% → short-term bullish, long-term recovery needed
📈 Strategy 1: Momentum Breakout Trade
⛔Entry:
> $1.365 – $1.375 (on confirmation of price reclaiming the uptrend with strong volume)
🚫Stop Loss:
> $1.31 (below local low and under MA60 support)
🎯Target (Take-Profit):
> $1.45 (recent 24h high, short-term resistance)
🔁 Strategy 2: Pullback to Support (Dip Buying)
⛔Entry:
> $1.33 – $1.34 (on a pullback and bounce from MA60 or low wick rejection)
🚫Stop Loss:
> $1.29 (below recent volume base)
🎯Target (Take-Profit):
> $1.42 – $1.45
📊 Supporting Signals:
Price bouncing above MA60 is a positive short-term indicator.
Volume Spike around $1.36-$1.38 confirms interest at these levels.
MA(5) > MA(10) crossover is bullish.
⚠️ Risk Management Tip:
Use 2% risk per trade and consider scaling out:
50% at $1.42
50% at $1.45
This helps capture profit in a volatile zone.