$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.
