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$UMA /USDT bearish
Current price: $1.48
Target Price: Target (TP) is $1.450, $1.420
Stop Loss Price: $1.520
Reason for buying: $UMA /USDT has pulled back from the high of $1.633, with the current trading price at $1.48. Bullish momentum is weakening, and the price encounters resistance above $1.50, with increased selling pressure. If sellers dominate the market, short-term momentum is biased towards further declines, with target support around $1.45 - $1.42. Therefore, a short-term bearish trade is selected in the $1.485 - $1.490 range.
This content is for reference only and should not be taken as investment advice.