$UMA /USDT SPIKE TO $1.45 THEN PULLBACK! WHATโS NEXT? ๐ฅ๐
$UMA just made a violent +13% intraday surge, ripping from $1.049 to a high of $1.450 before pulling back sharply to the $1.22 range. This move screams whale action + short squeeze but now traders are eyeing the next big reaction. ๐
๐ Chart Snapshot:
โข 4H Low: $1.049
โข Peak Wick: $1.450 (huge rejection)
โข Current Price: $1.227
โข Volatility Spike = Momentum Reset
โข Support: $1.19 โ $1.21
โข Resistance: $1.31 โ $1.45
๐ Trade Setup (Wait for Breakout Confirmation)
โข Entry (if holds support): $1.20 โ $1.23
โข TP1: $1.31
โข TP2: $1.42
โข SL: $1.18
โ ๏ธ After such a volatile wick, itโs best to wait for either consolidation or a break above $1.31 with volume before jumping back in. Patience = profit! ๐ง ๐ฐ
buy and trade here on $UMA