Here's the $UMA /USDT Perpetual Futures Market Snapshot:
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📉 Last Price: $1.513
🔻 24h Change: -3.26%
📊 Mark Price: $1.513
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📈 Price Range (24h)
🔺 High: $1.585
🔻 Low: $1.486
Current: Near lower end of range, showing weak price action
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📊 Volume & Moving Averages
📦 24h Vol (UMA): 59.29M
💵 24h Vol (USDT): $90.79M
Current Candle Volume: 242,958
MA(5): 1.05M
MA(10): 1.65M
📉 Observation: Current volume is well below average, suggesting weak market participation.
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📘 Order Book Snapshot
Resistance Support
$1.738 $1.486 (low)
$1.726 📉 $1.474
$1.685
$1.632
$1.580
$1.527 Minor
$1.513 Current Price
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🕒 Timing
Current Bar Time: 2025-06-10 13:00
Next Candle: 2025-06-11 04:00
Bar Volume: ~243K (low)
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📌 Technical Outlook
Trend Bias: Bearish intraday
Momentum: Weak; price failing to hold above mid-range
Structure: Leaning toward retest of $1.48–1.47 support
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⚔️ Key Technical Levels
Type Price Zone Commentary
Support $1.486–1.474 Key demand zone, bounce likely here
Resistance $1.580–1.632 Selling pressure visible
Breakdown < $1.474 Opens path toward $1.42–1.45 area
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✅ Strategy Ideas
Trader Type Suggested Action
Scalpers Avoid unless clear bounce from $1.48+ with >400K volume
Swing Shorts Favor short entries on failed break above $1.58–$1.63
Risk Note Weak volume + price near support → wait for confirmation
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