Is #UMA/USDT about to explode again?
Here is a precise analysis and strategy for futures contracts!
After a strong rise of over +25% in the past 24 hours, the UMA coin has shown notable upward momentum, but it is now undergoing a temporary correction.
Technical Analysis:
Current Price: $1.635
Last Resistance Level: 1.854
The recent candles have shown selling pressure (upper wicks), but the momentum remains positive!
RSI is in overbought territory at 88+
MACD is still in the positive zone, but there is a slight slowdown in momentum.
Appropriate Strategy: Long (Buy)
✅ Enter after confirming a strong green candle above 1.66 – 1.68 ✅ Stop loss below 1.58
First target: 1.75
Second target: 1.85
Important Note: It is not advisable to enter a Short position currently, as the overall trend remains strongly bullish.
The smart trader is the one who waits for the signal, not in a hurry!
Will you join us in the upcoming UMA trade? Share your opinion in the comments.