Technical analysis by cevikdogukan about Symbol UMA: Buy recommendation (10/9/2024)

hi all, you see on chart UMAUSDT declining very sharply. but around 2.34 , it corresponds the 50 MA zone and 2.27 is 100 MA zone. on daily chart MA breakdown happened so i expect uma get some impulsive movement from 25-50-100 MA zone. so we can long set up, entry : 2.33stop : 2.19target : with 50x leverage at least %300-%400 profit.uma couldnt reach my entry point. and trend seems now upward. trade cancelled