The $UMA
pair is currently priced at $1.347, marking a 0.97% rise in the recent period shown on the chart. The price movement suggests a bullish momentum, having rebounded from a low of $1.315 to the current level.
Key Highlights:
🔹 Current Price: $1.347
🔹 24-hour High: $1.358
🔹 24-hour Low: $1.290
🔹 24-hour Volume (UMA): 964,294
🔹 24-hour Volume (USDT): 1.28M
Technical Overview:
The chart reveals a bullish trend, confirmed by a bounce off the $1.315 support. Moving averages support this outlook:
🔹 MA(7): $1.347
🔹 MA(25): $1.343
🔹 MA(99): $1.330
Trade Setup:
🔹 Entry Zone: $1.34 – $1.35 (upon confirmation of bullish support)
🔹 Stop Loss: Below $1.32
🔹 Target 1: $1.36
🔹 Final Target: $1.38+
Risk Management:
Limit exposure to 1–2% of your trading capital per position.
Consider locking in partial profits at $1.36 and move your stop loss to breakeven to protect gains, while targeting a breakout above $1.38.
