$UMA /USDT

UMA/USDT Trade Setup

📊 Price Data:

Current Price: $1.519

24h High: $1.878

24h Low: $1.509

24h Volume (UMA): 25.52M

24h Volume (USDT): 42.16M

Market: Binance

🔍 Key Levels to Watch:

Resistance Zones:

$1.65 – Previous local resistance

$1.75 – Potential breakout zone

Support Zones:

$1.51 – Immediate support (current price zone)

$1.50 – Psychological support & recent low

$1.45 – Major support area / potential reversal zone

📈 Breakout Setup

If UMA breaks above $1.65:

Entry: $1.67–$1.70 (post-breakout confirmation or retest)

Target 1: $1.75

Target 2: $1.85

Stop-loss: $1.50 (below breakout or recent swing low)

Risk/Reward: ~1:2+

🔄 Pullback Setup

If UMA pulls back to $1.51 (current price), showing bullish confirmation:

Entry: $1.51–$1.53

Target 1: $1.65

Target 2: $1.75

Stop-loss: $1.45 (below recent low)

Risk/Reward: ~1:2+

📉 Intraday Strategy (15m & 1h Timeframes):

Look for trend reversals if UMA reaches the lower end of the support zones ($1.51 or $1.50) on a smaller timeframe.

RSI/Volume confirmation: Watch for RSI crossing above 30 in the oversold region (for a reversal) or volume spikes as a confirmation signal.

📊 Additional Notes:

Volume Analysis: The trading volume in both UMA and USDT is solid, indicating healthy liquidity for both breakout and pullback setups.

Risk Management: Since UMA is currently at the low end of its 24h range, pay close attention to momentum shifts, especially with price near $1.51.

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