$UMA USDT – BEARS GRIP TIGHTER AS PRICE NEARS CRUCIAL SUPPORT ZONE!
$UMA Current Price: $1.18
24H Range: High $1.277 – Low $1.185
Volume: 1.76M UMA / 2.15M USDT
KEY LEVELS:
Resistance: $1.232 – Key rejection area from recent bounce
Support: $1.185 – Immediate support, any breakdown can trigger strong sell-off
Secondary Support: $1.120 – Next zone to watch if $1.185 fails
TRADE SETUP – SHORT POSITION
Entry: $1.180 – After breakdown confirmation below $1.185
Target 1 (TP1): $1.130 – First demand zone
Target 2 (TP2): $1.090 – Deep support zone from previous structure
Stop Loss (SL): $1.235 – Above recent rejection level
MARKET OUTLOOK:
UMA is trading under pressure after a 5.57% drop, with momentum fading fast. The price has failed to reclaim the $1.23 resistance and is now hugging key support at $1.185. If this level breaks with volume, a further bearish continuation toward deeper levels is likely.
RISK MANAGEMENT:
Limit your position to 1-2% of your capital. Always use stop-loss and avoid emotional re-entries. Confirmation of breakdown is critical before entering short trades.
