I am new in Binance, please advise me dear experts 😒 My loss in UMA is 140$ up to now, and the Liq. Price is 3.3. Manta loss is 280$ and Liq. Price is 3.52
First trade idea for our $10-$8k (depending on the your capital tho) I recommend risking either $1 or $0.5 from it.
Trade idea on UMAUSDT
$UMA
taking a buy position at the marked imbalance $4.238 (the market usually changes direction after taking either an imbalance or sweeping liquidity or even both)
we’re taking our entry below a structure marked as an Inducement with a stop loss at $3.880 but the reward is worth it because we’ll make 3X of what we risk if the market plays well with a take profit of $5.363
Look the image below and DYOR. this is just a trade idea and not a financial advice