$UMA Short Opportunity? Bearish Momentum Confirmed 🔻
Entry Zone: $3.45 - $3.47
Targets: 🎯 $3.40 / $3.35 / $3.30
Stop Loss: 🔻 Above $3.55
Market Insights:
$UMA continues its downward trend on the 1H chart, trading near the lower Bollinger Band with an RSI at 32, signaling bearish momentum and a potential oversold condition. A break below $3.45 could trigger further downside movement.
Key support lies at $3.40, and a failure to hold this level may push prices toward $3.35 or lower. Monitor volume for increased selling pressure and set stops tightly above $3.55 to manage risk.
Ride the trend cautiously—momentum favors the bears for now. 📉