๐จ $UMA /USDT BEARISH PULLBACK INCOMING! ๐จ
Despite a +12.09% daily gain, UMA is showing signs of weakness as key indicators hint at exhaustion. ๐โ ๏ธ
๐ Key Levels:
Resistance: $1.236 ๐ผ
Support: $1.099 ๐ฝ
Current Price: $1.196
๐ Indicators:
EMA(7): 1.204
EMA(25): 1.214
EMA(99): 1.167
MACD: Bearish crossover forming (DIF < DEA) โ
RSI(6): 38.44 โ Bearish territory โ ๏ธ
๐ Trade Setup (SHORT):
Entry: Below $1.190 confirmation candle
Take Profit (TP):
TP1: $1.099 ๐ฏ
TP2: $1.062 ๐ฅ
Stop Loss (SL): $1.236 ๐ซ
๐ Risk Management:
Stick to 1.5โ2% of capital, use tight SL in case of bullish reversal. Manage your position sizing carefully! โ๏ธ๐ก๏ธ
๐ฅ Bearish pressure building โ short-term correction likely before next move! ๐ฅ
#UMA #CryptoAlert #BearishSetup #TechnicalAnalysiss #CircleIPO $UMA