After a strong vertical rise from $1.06 to $1.45, the UMA pair has declined and is currently stabilizing around $1.22.
If the price maintains its level above the support area of $1.20, it may push the next upward leg towards its highest point at $1.45, and possibly exceed it.
Watch for an increase in trading volume to confirm the continuation of the breakout.
Trading setup (long-term):
Entry area: $1.20 - $1.23
Target 1: $1.35
Target 2: $1.44
Stop loss: $1.15
Buy and trade here on 36797808393
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