$UMA /USDT – 4H Trade Setup

Market Insight:

$UMA has seen a +17.44% surge in the past 24 hours, reaching as high as $2.057 before pulling back. Despite the retracement to around $1.596, UMA is holding near a key level and trading well above the long-term MA(99), indicating bullish structure. Volume has started cooling off, but price remains in a higher-low formation, suggesting potential continuation after consolidation.

Entry Zone:

Buy Range: $1.55 – $1.62

Entry on retracement toward MA(25) could offer lower-risk positioning before next leg up.

Targets:

Target 1: $1.75 – Minor resistance near current levels

Target 2: $1.925 – Key supply zone and previous rejection

Target 3: $2.10 – Breakout extension from recent high

Stop Loss:

Below $1.41 (structure support and just above MA(99))

Key Levels:

Support: $1.55 / $1.41

Resistance: $1.75 / $1.925 / $2.10

MA Overview:

MA(7): 1.710 (current minor resistance)

MA(25): 1.616 (key re-entry support)

MA(99): 1.356 (macro support)

Pro Tip:

Look for a bounce confirmation on the 4H chart around $1.60. If UMA reclaims $1.71 (MA7) with a solid candle and volume uptick, it could signal continuation toward the $1.90+ range. Avoid chasing entries above $1.75 without consolidation.

#BTCvsETH #ETHBreaks3700 #StablecoinLaw #NFTMarketWatch #StrategyBTCPurchase