UMA to retest EMA 200
UMA / TetherUS BINANCE:UMAUSDT
Volume is low but price is extremely squeezed so I sudden move is to be expected. MACD appears to be approaching signal line, this could be a shift of the momentum. We saw UMA testing EMA 200 and failing once, a second test could be on the way. Price it’s also close to falling wedge border, we could see a break out soon if volume rise up.
I suggest entering and having a tight stop loss because BTC is closing daily candlestick as an inverted hammer so market could go down.
