$UMA 15m: Support Holds, Bounce in Play
Price action shows buyers defending just above the recent swing low, hinting at a potential short-term rebound.
Current momentum favors a bullish bounce off support near 1.022–1.025, eyeing resistance around 1.047 as the first upside target and the supply zone near 1.056 as a secondary barrier. Confirmation on lower timeframes—like strong bullish candles—would signal a viable long move. However, losing 1.022 decisively could trigger a bearish shift aiming toward 1.010 or below. Stay alert for key structure breaks before committing. This analysis is trimmed. To see the full version with TP/SL/entry ladder and more depth, go through the Finora Telegram bot below.
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