UMA has been trading inside this bullish channel for over 6 months now. This trade is based on the idea that UMA will continue to trade within the channel.
Keep in mind that BTC is currently in a short-term bearish trend, so a long-entry carries more risk from the start. To counter this, this particular trade has a very high risk reward ratio of 15.5
More defensive traders could take the safer trade with a lower SL and a slightly lower entry. Still, a risk-reward ratio of 10.53 is very good.