$UMA /USDT short tread signal ๐๐ฆ
BEARISH RETEST AFTER SHARP REJECTION FROM PEAK
After a powerful rally reaching up to $1.450, $UMA faced an aggressive rejection and dropped back below $1.20. The current price is stabilizing around $1.198, but the structure indicates a failed breakout and potential bearish retest zone forming below key resistance.
Trade Setup (SHORT):
Entry: $1.21 โ $1.23
Target 1: $1.14
Target 2: $1.08
Stop Loss: $1.26
Why Short?
Price spiked sharply but failed to sustain above $1.30. The long upper wick near $1.45 signals strong sell pressure. Follow-up candles show consolidation with weaker bullish volume, forming a possible lower high. A break below $1.18 could trigger a further pullback.
Risk Management Tip:
Use a tight SL above $1.26 to manage risk in case of unexpected bullish continuation. Always reduce position size if market volatility increases.
Donโt let this fakeout trap you โ short with confirmation and ride the fall smartly!
Ride the momentum before it fades โ profits favor the fearless!
Donโt let this breakout fly without you โ enter smart, exit richer!
buy and tread here on $UMA