๐ $UMAUSDT: Drop with OI decreasing โ Is it time for a smart short? ๐
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.
๐ Key points of the analysis:
๐ด OI in red: fewer open contracts, less conviction.
๐ Sustained downward pressure on the price.
โ ๏ธ Possible continued decline if it does not regain key support.
๐ง Possible strategy: Wait for a pullback to enter short with good risk management.
๐ Are you already observing it? Do you see an opportunity?
Give โค๏ธ if you are also waiting for the right moment to enter
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