🚨 $UMA /USDT Breakdown Watch – Bearish Continuation Setup! 🚨
Current Price: $1.387
24H Range: $1.321 – $1.748
Technical Structure:
Price is locked inside a clear descending channel with consistent lower highs and lower lows. No signs of reversal yet.
Key Levels:
Resistance: $1.45
Immediate Support: $1.32
Major Support Zone: $1.28 – $1.30
Trade Setup Idea (Short Bias):
Entry Zone (ideal bounce): $1.40 – $1.43
Stop Loss: $1.46
Targets:
TP1: $1.34
TP2: $1.30
TP3: $1.28
Market Insight:
Momentum remains bearish with no significant volume spike for reversal. UMA may tag the bottom channel support or even break it if broader DeFi weakness continues.
Pro Tip:
Use the channel bounds to scalp short re-entries. Wait for rejection candles near the midline or upper trendline before entry.
Bearish pressure still strong. Drop a follow for real-time updates on UMA and similar breakdown plays.
UMAUSDT
Perp
1.384
+3.43%
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