📉 $UMA /USDT – Strong Rally Faces Bearish Pullback! ⚡
$UMA is trading at $1.704 (+9.58%) after a massive surge from $1.515 to the peak of $1.906. However, the chart now shows heavy rejection at the top with continuous red candles, signaling that buyers are losing steam while sellers gain control. A slip below $1.70 could deepen the retracement.
🔑 Key Levels:
🚫 Resistance: $1.78 – $1.90
📉 Support: $1.65 – $1.58
⚖️ Mid-Level: $1.70
📊 Bearish Trading Setup:
Entry Zone: $1.70 – $1.78
🎯 Target 1: $1.65
🎯 Target 2: $1.61
🎯 Target 3: $1.58
🛑 Stop Loss: Above $1.92
⚡ Pro Tip: If bearish momentum strengthens, a full retracement toward the $1.58 zone is highly possible before the market finds fresh demand.