$UMA /USDT.
๐ UMA/USDT Trade Setup
Current Price: $1.065
Daily Change: -5.59%
24h High/Low: $1.133 / $1.056
Trend: Short-term bearish, but approaching a key support level.
๐ Market Snapshot
๐ป Bearish Intraday Sentiment
UMA is down sharply and nearing its 24h low ($1.056).
Selling pressure is evident but downside may be limited short-term unless $1.050 breaks cleanly.
๐ Key Technical Zones
โ Support:
$1.056 โ 24h low (watch for bounce setups).
$1.050โ$1.030 โ Stronger historical demand zone.
๐ผ Resistance:
$1.085โ$1.10 โ Minor resistance, near recent intraday highs.
$1.133 โ Daily high, stronger rejection point.
๐ Trade Setups
โ LONG Setup (Reversal Bounce from Support)
Valid if price holds above $1.056 with bullish candle (hammer, engulfing) on 15m or 1h.
Entry: $1.060โ$1.065
Stop Loss: $1.048 (below support)
Take Profit 1: $1.085
Take Profit 2: $1.100
R:R: ~1:2+
๐ Confirmations:
RSI < 30 on 15m/1h
Volume spike on bounce
Bullish MACD crossover
โ SHORT Setup (Breakdown Trade)
Only if UMA breaks and closes below $1.050 with volume.
Entry: $1.048โ$1.053
Stop Loss: $1.065
Take Profit 1: $1.030
Take Profit 2: $1.010
R:R: ~1:2
๐ Confirmations:
Bearish engulfing or break candle
EMA 9/21 crossover on 15m
MACD bearish continuation
๐ง Extra Notes:
Trend bias: Intraday bearish; cautious long unless reversal confirmation.
Avoid chasing breakouts without volume support.
Consider scaling in near $1.056 with tight risk.
