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UMA / TetherUS PERPETUAL CONTRACT

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UMAUSDT.P trade ideas

UMA / USDT action updateUMA update, for a long entry, wait until a strong-volume breakout of the 29 blue line. You can set the line with an alert, and then observe the volume and confirm that it closes above the line on AT LEAST a 4hr chart (preferably higher time frame the better). If it breaks out past 7-8% above the line, you can wait for a retest of the $29 area to set your buy limits. My stop losses during this bull cycle of past few months is around 10-13% with profit targets 30%+, often seeking 40%-100% gains and taking profits in increments. You can also use breakouts and chart analysis to determine your best points of entry for long term holds.
Long
by EddieTradez
1
Crypto|UMA/USDT|LongLong UMA/USDT Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. Red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
16
UMA testing again the resistanceUMA's broke out the triangle a couple of days ago, overnight price has rised and now is testing for the fourth time the 26.4-27USDT resistance zone. This has proved to be a pretty tough one, to be sure price gonna pierce it I wanna see an entire 4h candle closed over this zone. Squeeze momentum indicator shows that price is contracting but bars look like those before a pump, however there's a slight chance that this can go down since this resistance is very strong. What worries me is the RSI at 1h which forms a bearish DIV from 31st of March to today. For this reason I'm not labelling this signal as long or short but as neutral. Over the long period I'm bullish on this project, it's no surprise anymore but I know that often it lacked of the volume needed to step up so let's say I'm neutral. If you wanna enter the trade do it with 30% when a 4h candle closes over the resistance zone, if price goes over 28.3 (always closing a candle over that price) you can enter with the remaining 70%. I won't advice to short because it'd be a very small one, the risk would be way bigger than the profit.
by Shotokhan
2
Back into a triangleNOTE: chart pattern's lines are drawn according to 4h chart but in order to show better the pattern I chose the daily one. UMA had recently broke out from a falling wedge, created a new HL and was on a promising trend, also I had noticed a Cup&handle which was working out well. However in this market were people (and bots) sell when BTC goes down all it takes to mess things up is a panic sell and that it was. during last two days BTC made the market dump hard, so hard it changed many patterns and UMA is among those. Recent drop invalidate what I said so far, I personally think this is now a triangle. From this point of view I won't the price to go a bit lower and touch the bottom of the triangle, I actually would like it because this would strenghten my pattern interpretation but UMA has shown to be very, very influenced by BTC so if BTC goes down UMA will too. Target and resistance (the violet one is wider a resistance zone) are on the chart. if you wanna enter wait to see if price starts going up or if try to tests the lower of the triangle. Sooner or later history will repeat itself and UMA will go over 40$
by Shotokhan
1
Crypto|UMA/USDT|Long and shortLong and short UMA/USDT Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. Working out the support and resistance levels of the consolidation zone. * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. The breakdown of the upper blue zone - long. Breakdown of the lower blue zone - short. Working out the stop when the price returns to the level after activation + fixing in the red zone. Blue zones - activation zones. Green zone - take zone. Red zone - stop zone. Orange arrows indicate the direction of the take. Red arrows indicate the direction of the stop. Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter. Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop." Please consider this parameter if you use my ideas. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
by Henry_Ross
14