🔻$UMA /USDT Slips Below Support – Breakdown or Bounce Incoming? 📉

UMA just printed fresh 4H lows at $1.189, losing key moving average supports. Price is under pressure, dropping over 5% today, and now trading below all major MAs (MA7, MA25, MA99).

📊 Chart Overview (4H):

MA(7): $1.231 📉

MA(25): $1.314 📉

MA(99): $1.251 📉

Resistance: $1.231 / $1.314

Support: $1.135 (potential bounce zone)

⚔️ Short-Term Trade Plan

🔹 Entry: $1.190 – $1.200

🔹 TP1: $1.240

🔹 TP2: $1.280

🔹 SL: $1.165

🚀 Long-Term Position Plan

🔸 Entry Zone: $1.17 – $1.20 (DCA friendly zone)

🔸 TP1: $1.31

🔸 TP2: $1.44

🔸 TP3: $1.60

🔸 SL: Close below $1.13

💡 Observation: UMA may see a technical relief bounce, but confirmation needed with MA7 flip. Break below $1.13 = further downside.

📌 Wait for confirmation candle before entries!

#UMA #CryptoSignals #BinanceTrading #Altcoins #TechnicalAnalysis $UMA