🚨 $UMA / USDT Breakdown Watch – Bearish Continuation in Play! 🚨

🔻 Current Price: $1.387

📉 24H Range: $1.321 – $1.748

🔍 Technical Outlook:

🔸 UMA remains locked in a descending channel, forming consistent lower highs and lower lows—no bullish reversal signals yet.

🔸 Momentum is weak, and volume remains subdued, reinforcing the bearish bias.

📊 Key Levels to Watch:

🔹 Resistance: $1.45

🔹 Immediate Support: $1.32

🔹 Major Support Zone: $1.28 – $1.30

💰 Trade Setup (Short Bias):

🔻 Ideal Entry Zone (Bounce Rejection): $1.40 – $1.43

🔻 Stop Loss: $1.46

🎯 Targets:

✅ TP1: $1.34

✅ TP2: $1.30

✅ TP3: $1.28

🔥 Market Insight:

📉 Bearish momentum remains dominant, with UMA likely to test its bottom channel support. A break below could accelerate downside, especially if DeFi sector weakness continues.

💡 Pro Tip:

🔹 Look for rejection candles near the midline or upper trendline of the descending channel to time short entries. Scalpers can use these bounces for re-entries.

⚠️ Stay sharp! Bearish pressure still intact—keep an eye on volume spikes for potential breakdowns.

📢 Follow for real-time UMA updates & high-accuracy trading signals! 🚀

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