Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (12.006).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UMAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
UMA in 4h time frame gets rejected by the both above and below trend line, forming a symmetrical triangle. Breakout on the either side of the pattern can give a Good move.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (10.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. UMAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
