Shotokhan

UMA broke out again

Shotokhan Updated   
BINANCE:UMAUSDT   UMA / TetherUS
This is not really TA but kinda a notification. I've done TA on UMA already and it didn't change much since the last time. The project is good, very good, they just lack marketing which means they lack volume.

Statistically speaking UMA's breakouts success ratio is 1:3 so this could be the one but I'm cautious and I don't wanna say "this is gonna moon" just because I'm in. The first resistance zone is between 27.1 and 28.3, if we pierce this zone my former TA will take place.

For the moment, if you're interested you might wanna enter 30% if we close the 4h candle (in 1h30) with the body longer than the wicks and the second candlestick open at a price close to the top of the old one, or better, over that one. If the next candle opens a lot below the close of the current one don't enter.
Stop loss: 24.3
Comment:
I feel like this is going to be another failed breakout. If you entered 30% as I suggested I think it's time to close the trade. If you wanna put faith into this wait 20 min before this 1h candle closes, if it'll look still like this (falling star) close then!
Trade active:
the good news is that despite the failed pump of yesterday, UMA established a local support around 24 and this is a good news! I'm posting a link to a screenshot. We are currently at resistance (a minor one) which I highligthed with the rectangle
i.postimg.cc/1zwZtRW8/da-cancellare.png
Comment:
another attempt to break the resistance!

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