$UMA Strong rejection near 2.05, bears prepare to regain control! 🔻⚠️

The price has formed a double rejection at the top and is retreating again below the breakout structure.

With momentum fading and lower highs being formed, sellers are looking to push the price back towards the 1.55 area in the short term.

Short sell signal

• Entry area: 1.90 – 1.95

• Take profits:

◦ TP1: 1.75

◦ TP2: 1.62

◦ TP3: 1.55

• Stop loss: 2.17

The parabolic movement has stopped at a key resistance, and the current 15-minute structure shows signs of a trend reversal.

Volume is decreasing while the price is losing bullish strength.

If UMA fails to reclaim 1.96, expect further declines with increasing volatility.

Buy and trade here $UMA

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