🚨 $UMA /USDT at a Pivotal Moment – Key Support & Resistance Levels! 🚨

$UMA is showing an upward channel on the 4-hour chart, bouncing off the support trendline around $2.74. Current price action sits at $2.825 USDT, suggesting possible continuation of this channel, but watch these levels closely!

💡 Critical Levels to Watch 💡

• Resistance: $3.00 - $3.20 USDT

• Support: $2.74 USDT

A breakout above $3.00 USDT could signal a strong rally toward $3.20 USDT, where further resistance is likely. Bulls may want to enter around $2.82 USDT, targeting this resistance with a stop loss at $2.65 USDT for risk management.

On the flip side, if price loses the $2.74 USDT support, expect a retest of $2.60 USDT, which could lead to further bearish momentum. A short entry may be considered here with a stop loss set around $2.90 USDT.

📉 Short-term Entry: Buy near $2.82 USDT, with a target of $3.00 - $3.20 USDT

📈 Long-term Entry: Buy above $3.00 USDT, with a potential move toward $3.50 USDT

Protect your positions, and watch these key zones for explosive moves!

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