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. ....