Imminent rise for the pair $UMA /USDT: Triangle breakout may ignite a bullish wave
UMA is trading at $1.675 (+10.7%), approaching a breakout of the symmetrical triangle pattern on the daily chart, a technical pattern often known for triggering strong and sudden price movements.
What to watch for:
- A clear breakout above the triangle's ceiling enhances the chances of targeting levels: 1.752 then 2.019 and 2.286
- If momentum persists, the move may extend to 2.666 and even $3.150
- The main support area is at $1.422 — breaking it weakens the pattern
Advice for traders: Watch for confirmation of the breakout before entering, and support your trades with a precise stop loss to avoid market volatility
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