๐Ÿ” $UMAUSDT: Drop with OI decreasing โ€” Is it time for a smart short? ๐Ÿ“‰

In the chart, we observe how open interest (OI) decreases while the price loses strength. This drop in OI indicates that positions are being closed and could be a sign of buyer exhaustion or institutional money exiting.

๐Ÿ“Œ Key points of the analysis:

๐Ÿ”ด OI in red: fewer open contracts, less conviction.

๐Ÿ“‰ Sustained downward pressure on the price.

โš ๏ธ Possible continued decline if it does not regain key support.

๐Ÿง  Possible strategy: Wait for a pullback to enter short with good risk management.

๐Ÿ‘‰ Are you already observing it? Do you see an opportunity?

Give โค๏ธ if you are also waiting for the right moment to enter

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