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UMAUSDT Perpetual Swap Contract

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UMAUSDT.P trade ideas

📊#UMA potential double bottom structure deserves attention👀🧠We have entered a correction phase after a strong move up and there is currently an opportunity here for a double bottom bullish structure to form. In addition, there is also an expectation of rebound after sweeping the liquidity pool, so the next bullish trend is highly likely.📈 ⚠️Note that there are no absolutes in the trading market, so risk management is a must. ➡️If you like my analysis, please don’t forget to like the post❤️
Long
by wolf_king888
UMA - A decentralised OracleOn the above 8-day chart price action has corrected 95% since the sell signal back in February 2021. A number of reasons now exist to be long, including: 1) You know why.. 2) Price action and RSI resistance breakouts. 3) Strong bullish divergence between price action and the oscillators. Eight of them as measured over a 160 day period. 4) A double bottom on past support, excellent. Is it possible price action continues to correct? Sure. Is it probable? No Ww Type: Trade Risk: 6% Timeframe: A week or so, don’t wait for lower lows. Return: Couldn’t say
Long
by without_worries
8
UMAUSDT"As we enter the bullish season, the initial target to aim for is target : 28 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
Long
by MKO_Trading