UMAUSDT trade ideas
UMA: wait for the break of the channelUMA has been ranging in this channel for over 90 days (I'm still pissed off at myself for the bag I bought 2 years ago). At this point I don't care on where it'll go, wait for the break of one of the two sides and then long/short according with the wyckoff accumulation/distribution. Here you can see the scheme: miro.medium.com
Remember: price has to break previous low or high in order to consider to open a position
UMAUSDT - resurging once againThere is strong support now around the 2.1 - 1.95 $ range.
there is a possible cup and handle formation.
Daily RSI is above 50.
daily stochastic is looking to make an upside turn.
all things are looking bullish here. Also, BTC.D is going down. There there is a very good possibility for this trade to move in the desired direction.
lets See.
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UMAUSDT - Cant afford to miss this R:RUMAUSDT has been in a downward trend and recently broke out from it.
Currently, with BTC correcting, it's testing the breakout, and following BTC bullish bias,
UMAUSDT seems a very good RR trade upon further retracement to the 2.0 - 2.15$ zone.
Lets see you on the other side of the Trade.
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.
Trading opportunity for long position UMAUSDTBased on technical factors there is a Long position in :
📊 UMAUSDT
🔵 Long Now 2.355
🧯 Stop loss 2.166
🏹 Target 1 2.700
🏹 Target 2 3.200
🏹 Target 3 3.900
💸RISK : 1%
We hope it is profitable for you ❤️
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UMA | A bullish divergence.On the daily time frame, UMA has a clear RSI bullish divergence. Expect a rebound in prices. There are two targets set in the chart for reference. Don't ignore the large number of long positive lines in the chart, which means that a reasonable set of take profit will allow us to get more profits.
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Good luck~☘
UMA ready to pump in a short-termUMAUSDT is ready to pump in a short-term.
It looks like both on 4h and 1D timeframes UMAUSDT is forming its temporary bottom and is ready to join other altcoins for its own relief rally.
We expect UMA to reach 4,80 - 5,20 in the next week.
-Trade on stop.
-If drops lower, accumulate
-High risk trade. Trade only as much as you´re willing to lose