$UMA Showing great bullish jump:
– Bullish but Overheated (~70% Bullish / 30% Bearish)
Ideal Buy Zones
Safe (Low-Risk): $1.48 – $1.55 (near EMA(99) 1h support + strong demand)
Moderate: $1.62 – $1.68 (recent consolidation before breakout)
Risky (Chasing): $1.83 – $1.85 (current price, RSI extremely overbought)
Ideal Sell Zones
Safe (Partial Profit): $1.90 – $1.95 (24h high resistance)
Moderate: $2.05 – $2.16 (daily resistance zone)
Risky (Full Stretch Target): $2.45 – $2.50 (major daily resistance)
Stop-Loss Levels
Tight (scalp): below $1.74
Flexible (swing): below $1.47 (24h low, invalidates breakout)
Full Analysis
1. Price & Context
Current: $1.845 (+24.08%)
24h High/Low: $1.906 / $1.472
24h Volume: ~9.1M UMA / $15M USDT
Short-term buyers dominant (depth: 61% bids vs 39% asks).
2. 1h Chart (Short-Term Momentum)
EMA(7) 1.676 > EMA(25) 1.586 > EMA(99) 1.483 → strong bullish alignment.
MACD: 0.026, sharp bullish cross, histogram expanding.
RSI(6): 93.4 → extremely overbought, strong but unsustainable momentum.
Price surged from $1.47 low to $1.90, sitting close to resistance.
3. Daily Chart (Bigger Trend)
EMA(7) 1.537 > EMA(25) 1.379 > EMA(99) 1.302 → confirmed daily bullish crossover.
MACD: 0.048, just turned bullish, signaling trend reversal.
RSI(6): 89.5 → extremely overbought, at levels where retracements usually happen.
Key support: $1.16 – $1.30 zone. Key resistance: $2.05, then $2.50.
4. Depth (Order Book)
Bids: 60.87% vs Asks: 39.13% → clear buy-side dominance.
Thick buy walls at $1.84 – $1.83, but strong sell wall near $1.90–$1.91.
Suggests: market may stall at $1.90 before next breakout attempt.
Setup Logic
UMA is clearly bullish, with both 1h and daily trends aligned.
BUT: RSI is overheated on both timeframes, so a retracement is likely before continuation.
Safer entries = wait for pullbacks ($1.62–$1.68 or $1.48–$1.55).
Targets = scale out at $1.90, $2.05, $2.50.
Stop-loss = $1.74 (short-term) or $1.47 (swing)
DYOR and Inshaallah we will make good profits.
