UMA/USDT Technical Analysis & Trade Signal
Current Price: $3.783
24h Price Change: +6.86%
Key Levels:
24h High: $4.002
24h Low: $3.519
SAR Levels:
Support: $3.710
Resistance: $3.867
Trade Momentum:
Momentum: Bullish (currently above key support levels and showing upward movement)
Volume: Moderate trading volume with a significant increase in recent hours, indicating a potential continuation of the bullish trend.
Trade Signal:
Buy Signal: Enter around $3.783 with a focus on further price growth.
Target Levels:
Target 1 (T1): $3.910 (Resistance level)
Target 2 (T2): $3.950 (Near 24h high)
Target 3 (T3): $4.002 (24h High, next resistance)
Stop Loss:
Set stop loss near $3.710 (SAR support level).
Conclusion:
The UMA/USDT pair is showing bullish momentum, with price increasing steadily. Traders can look for entry points around the current price, targeting the resistance levels at $3.910, $3.950, and $4.002. The trade should be monitored for any reversal signs at key support levels, especially around $3.710.
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