#UMA/USDT analysis-

On a weekly time-frame, the price previous gave two breakouts. The price formed descending symmetrical triangle pattern and gave first breakout. After that, the price formed ascending triangle pattern and gave second breakout.

Now the price has taken support at second breakout which is strong support zone and formed descending triangle pattern. If it gives breakout, then it will go up till the resistance zone which is marked as red box as shown in the chart.

T.F.- 1-W

ENTRY- as soon as it gives breakout i.e. around 4.9

SL- below support area i.e. around 3.27

TARGET – 8.9

Note- If stop loss hits before the entry, then ignore the trade as the price action will formed differently.