$UMA /USDT SHORT TRADE SETUP Big Opportunity
Current Price: $1.265
Structure: Clear rejection from the $1.315 resistance zone. Price has formed a lower high and is now breaking down with strong bearish candles, signaling downside momentum.
Entry Range:
Enter short between $1.265 – $1.275
Stop Loss:
Place stop loss above $1.295
Target Points:
Target 1: $1.240
Target 2: $1.215
Target 3: $1.190
Trade Insight:
UMA is struggling to hold support and shows weakness after failing at $1.315. A break below $1.260 confirms bearish continuation. This setup offers a favorable risk-reward for short traders.
