UMAUSDT.P trade ideas
UMA USDT PERPHello Trader BINANCE:UMAUSDT.P
there is a possibility that these uma pairs form a cup and handle pattern. and the current position is again making its right shoulder / right shoulder so most likely the bounce area is at 5,237 or even at 5,300, you can limit buying at that rea.
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Disclamer: Not Financial Advice
📊#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.
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UMA USDT PERPHello Trader BINANCE:UMAUSDT.P
The 1 hour pair looks like it failed to breakout, and it's too over bullish for yesterday, so there's a possibility to drop first to the 4,586 area.
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Disclamer: Not Financial Advice
UMA Sell Trade "Hello, crypto visionaries! Explore the crypto world with my daily technical analysis. Together, we'll uncover opportunities and stay ahead of the game!
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Disclaimer: Technical analysis is a piece of the puzzle. Always analyze other aspects before making investment choices. This is not financial advice."
UMA awaiting CHoCHUMA currently bullish on all TF and break structure to downside to trap some traders before leg up...... If UMA change character on 30mins TF to upside, I will wait for retest of bullish OB below so I can take a perfect long
Be patient and don't force it
Follow for more market update
order-block...?(UMA)📊Analysis by AhmadArz:
how you find order-block?
🔍Entry: 3.40
🛑Stop Loss: 2.99
🎯Take Profit: 4.02
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Pump and Dump?Nice move from UMA, shame I didn't see it. I managed to find one article online about some merge or upgrade or something which should be enough to pump it.
Let's see how it holds up and be on guard for the eventual dump once the hype fades.
Or not... lol I might be completely wrong and often am!
Not financial advice!
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
finally uma preparing for massive rally towards 10$seems like uma has already bottomed out and finally preparing for some solid recovery
Testing Multi Year Descending Trend line In 3 Days Timeframe & Expecting Breakout Soon Incase Of Successful Breakout Expecting Move Towards 10$ In Midterm
keep eyes on umausdt for confirmed breakout
UMA NEW VOLUME STARTThank you for reading this update.
Depending on our study we see that UMA has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
#Uma/USDT#Uma
The bearish channel on the daily frame has been broken
Now the downward trend is being tested again
The price is expected to rise again from the entry areas marked on the chart
About the price of 1.410
With a goal of 2.44
Nearly 200% expected rise
Supported by Bitcoin's bullish movement