$UMA USDT – SHORT TRADE SIGNAL

$UMA just spiked +47%, printing an extended candle with signs of exhaustion near $2.05. A sharp wick rejection from the top suggests a potential correction as profit-taking begins.

📉 Technical Overview:

• Price Rejected: $2.057

• Current Price: $1.958

• Support Levels: $1.69 and $1.49

• Volume: Surged on spike — now fading slightly

📊 Trade Setup:

• Entry Zone: $1.95 – $2.00

• Stop Loss: Above $2.07

• Target 1: $1.69

• Target 2: $1.49

• Leverage: 10x

• Risk Allocation: 2–3% of capital

⚠️ A clear overextension on the 4H chart—be cautious of a retracement. Perfect for quick scalps or tight trailing shorts.

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