$UMA Surge or Fakeout? Decision Point Near $2.05!
UMA is showing strong upside momentum with a clean breakout structure forming above key intraday levels. But is it ready to continue, or is a pullback looming?
Key Levels to Watch
• Resistance: $2.05 – A breakout above this level may send UMA flying toward $2.18 and $2.35.
• Support: $1.94 – If this support fails, a retrace toward $1.85 and $1.74 is likely.
Trade Setup – Volatility Incoming!
Bullish Scenario
• Entry: Above $2.05 breakout confirmation
• Target 1: $2.18
• Target 2: $2.35
Bearish Scenario
• Entry: Below $1.94 with strong selling volume
• Target 1: $1.85
• Target 2: $1.74
Volume spikes and tight candles suggest a major move is close. Stay sharp—next 1-2 candles will set the tone!