$UMA /USDT BEARISH SETUP – PRICE STRUGGLING TO HOLD ABOVE SUPPORT
$UMA is showing weakness after repeated rejections near 1.438, signaling sellers are dominating. Price is currently trading at 1.422, and a breakdown could push it toward lower levels if momentum continues.
Trade Setup (Short Entry):
Entry Zone: 1.422 – 1.424
Take Profit (TP): 1.400
Stop Loss (SL): 1.438
Market Outlook:
The short-term momentum favors bears as rejection from resistance aligns with broader selling pressure. A close below 1.420 confirms bearish continuation toward 1.400. Bulls need to reclaim 1.438 to invalidate this setup.
