UMAUSDT.P ✅ Simple Recommendation: Market’s still weak, no clear bullish signs yet.
Not a good place to buy—structure favors downside, especially after breaking support. If you're short, best play is to wait for retest around 1.77-1.8 and look for rejection. If you're waiting to buy, chill—needs to break above 1.8 with strength, otherwise risk stays high.
BTC is moving in a descending triangle. It is holding above the horizontal support with a low volume. A good volume volume bounce and breakout of the descending triangle is the bullish confirmation, while a sustained breakdown of the triangle is the bearish confirmation.
UMA has rebounded from the horizontal support with high volume and is currently encountering both the Ichimoku cloud and the trendline resistance. A solid breakout of the trendline would signal a bullish continuation, whereas rejection would indicate a potential retest of the MA 200.
UMAUSDT.P ✅ Simple Recommendation:
