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UMA / TetherUS PERPETUAL CONTRACT

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UMAUSDT.P trade ideas

🔥 UMA Bullish Channel: Highest Risk Reward Trade Of The DayUMA has been trading inside this bullish channel for over 6 months now. This trade is based on the idea that UMA will continue to trade within the channel. Keep in mind that BTC is currently in a short-term bearish trend, so a long-entry carries more risk from the start. To counter this, this particular trade has a very high risk reward ratio of 15.5 More defensive traders could take the safer trade with a lower SL and a slightly lower entry. Still, a risk-reward ratio of 10.53 is very good.
Long
by FieryTrading
5
UMA Jumps | 115% Potential Follows (Over 60% For Easy Target)Everyday we see different Altcoins recovering from their recently hit lows. We are starting to see strong bullish breakouts daily now. The next jump came from UMAUSDT. Today alone we have a +30% candle as prices move above EMA50 on high volume. Closing above $1.892 sends out a strong bullish signal. Even a close below this level is still bullish. With this type of action, we can expect additional growth to follow. The easytarget is set at 62% from the current price, can happen short-term. The main target is set at 115% and can also happen within a month or it can take a bit longer. Namaste.
Long
by AlanSantana
1