$UMA $UMA 12h
- At this stage, I'm watching for a possible liquidity sweep below the 0.389–0.380 zone. If there's a strong bullish reversal (like a pin bar or bullish engulfing) and a reclaim of 0.396, the price is likely to RISE to 0.424 and potentially 0.427. Wait for confirmation — an aggressive entry would be right after a strong reversal candle, while a conservative entry could be on a successful retest of 0.396 as support.
- If price fails to reclaim 0.396 or loses 0.375, expect further downside towards 0.351 and possibly 0.348. In that case, look for another reversal signal in the 0.348 region.
- If price spikes to 0.424–0.427 and gets rejected, a short setup may develop for a move back to 0.396 or even lower.
- My bias remains cautiously bullish as long as 0.380–0.375 holds and a proper reversal signal forms. If 0.375 breaks down, flip to bearish and look for lower prices.
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