$UMA /USDT Trading Strategy

UMA is up +29.27%, trading at $1.60, with strong volume of 19.66M USDT. Support is at $1.55, while resistance is at $1.62. A long entry at $1.61, stop-loss at $1.55, and target $1.75 is ideal for breakout traders. A short entry at $1.58, stop-loss at $1.64, and target $1.48 suits a resistance rejection strategy. The MA60 at $1.568 suggests consolidation before the next move. Watch volume and volatility to confirm direction before entering. Always maintain risk management for optimal trading.

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