🚨 $UMA /USDT – Bearish Reversal in Play!
After a meteoric surge to $1.629, $UMA is showing signs that the bulls are taking a breather. The price faced heavy rejection, forming a long upper wick and now carving lower highs—a classic signal that selling pressure is creeping in.
💥 Short Opportunity:
Enter between $1.490 – $1.510 on a minor pullback.
🛑 Stop Loss:
Above $1.550 (beyond the recent rejection wick).
🎯 Targets:
TP1: $1.450
TP2: $1.420
TP3: $1.380
📊 Trade Insight:
$UMA’s parabolic rally is cooling off. The sharp wick and consecutive red candles highlight weakening bullish momentum, hinting at a potential short-term correction. If it retests the $1.490–$1.510 zone and fails to push higher, it could spark a solid shorting opportunity with a favorable risk-to-reward setup.
⚡ Key Takeaway:
Price action is speaking—profit-taking is real, and momentum is shifting. Watch the pullback zone closely for your entry and ride the bearish wave if rejection holds.