The $UMA
pair is currently trading at $1.347, up 0.97% from the previous period shown on the chart. The price shows a bullish momentum, having rebounded from a recent low of $1.315 to its present level.
Key Highlights:
๐น Current Price*: $1.347
๐น 24-hour High*: $1.358
๐น 24-hour Low*: $1.290
๐น 24-hour Volume (UMA): 964,294
๐น 24-hour Volume (USDT): 1.28M
Technical Analysis:
The chart confirms a bullish trend with the price bouncing off $1.315. Moving averages indicate positive momentum:
๐น MA(7): $1.347
๐น MA(25): $1.343
๐น MA(99)*: $1.330
Trade Setup:
๐น Entry Zone*: $1.34 โ $1.35 (upon confirmation of bullish support)
๐น Stop Loss*: Below $1.32
๐น Target 1*: $1.36
๐น Final Target*: Above $1.38
Risk Management:
Keep risk between 1โ2% of your capital per trade.
Consider locking in partial profits at $1.36 and adjust stop loss to breakeven to protect gains while targeting a breakout beyond $1.38.