đ¨ $UMA /USDT POISED FOR A MAJOR MOVE â DONâT MISS THIS CHART! đ¨
The UMA/USDT pair is trading at $2.729 and shows critical levels that could determine the next big move. After a recent consolidation, the market is testing both support and resistance zones. The key support level stands at $2.635, a vital line to hold in order to avoid a potential drop towards $2.580. The resistance level lies at $2.888, and a breakout above this could trigger a rally towards $2.950 and beyond.
Short-Term Strategy:
⢠Entry for Long: Look for a breakout above $2.750 with a stop loss at $2.700. Target upside towards $2.888.
⢠Entry for Short: If the price fails to hold $2.635, consider a short position with a stop loss at $2.680, aiming for $2.580.
Long-Term Strategy:
⢠Watch for consolidation between $2.650 - $2.750 before committing to a position. A clear direction from this range could indicate the next big trend.
Final Thoughts:
With momentum building, this chart could signal a significant breakout or collapse soon. Traders should stay alert for price action around the critical resistance and support zones!
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