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Delta Exchange Blog
Trade Setup 10 Jan 2024
Research

Trade Setup 10 Jan 2024

Delta Exchange
Delta Exchange
January 10, 2024

Bullish View on BTCUSDT Welcome to Daily Trade Setups. Trade:

  • Sell 42500 Put option of 12 January expiry @ $350
  • Buy 42000 Put option of 12 January expiry @ $300

Stop Loss: Spot level = $42500 Target: Premium =$0 in both legs Payoff chart at Expiry:

  • Max Profit: $50/BTC

Rationale: BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45900 during the recent trading session, signifying a promising upward trajectory. Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to https://www.delta.exchange/research-disclaimer for analyst disclaimer and other disclosures.

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