🔥$UMA Impulsive Breakout & Bullish Pullback Continuation

📌 First Trade Setup

Bias: Long 📈

Entry Zone: 0.5582 – 0.5520

Stop Loss: 0.5440 🔒

Target 1: 0.5787 🎯

Target 2: 0.5890 🚀

📝 Plan: Wait for price to hold inside the entry zone and show stability. Risk is clearly defined, and targets are based on nearby resistance and continuation zones.

🧭 Market Structure

Price made a strong impulsive move up, breaking the previous range 🚀

After the breakout, market entered a healthy pullback phase 🔄

Structure remains bullish as long as price holds above 0.5440 🟢

Higher low formation suggests buyers are still in control

🔍 Technical Details & Key Levels

Support Zone: 0.5520 – 0.5480 🟩

Entry Zone: 0.5582 – 0.5520 🟦

Invalidation Level: Below 0.5440 ❌

Resistance Zones:

0.5787 (First reaction level) ⚠️

0.5890 (Major supply zone) 🔴

📊 Outlook

Overall structure favors bullish continuation 📈. As long as price holds the support zone, probability remains high for a move toward upper targets.

Manage risk. Stay disciplined. 💪📉