$UMA
Entry Point:
Look for an entry at resistance levels near $3.249 or $3.275.
. Stop-Loss:
Set a stop-loss above the recent high, e.g., $3.30, to minimize losses in case of an upward breakout.
. Target Profit:
Aim for the lower Bollinger Band around $3.171 or $3.00 if the price continues to drop.
. Volume:
Decide the trade size based on your risk tolerance and portfolio size.
. Risk-Reward Ratio:
Ensure at least a 1:2 risk-reward ratio (e.g., risking $0.05 to gain $0.10).