$UMA has been taking a breather after that recent slide. Right now, it’s just chilling in a tight range between the $0.442 support and $0.480 resistance. You can see on the 4H chart that it’s consolidating after tapping that local bottom at $0.416.

Volume is pretty flat, so it’s basically a waiting game for a breakout. If we can reclaim $0.480, we might see a quick run to $0.500. Otherwise, expect more choppy action. I’m playing the range for now until a real move shows up. 📉📈

Range Play Setup:

• Long Entry: 0.442 – 0.450 (SL: 0.435) | TP: 0.480

• Short Entry: 0.470 – 0.480 (SL: 0.495) | TP: 0.442

Sentiment: ↔️ Neutral (Consolidating)

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UMA
UMAUSDT
0.4533
-5.38%