Research
Trade Setup 10 Oct 23
Delta Exchange
October 10, 2023
Bullish View on MKRUSDT Welcome to Daily Trade Setups. Trade:
- Buy MKR Perpetual future at 1365
Stop Loss: $1315 Target: $1425 Payoff: Max Profit: $60/MKR Max Loss : $50/MKR
Rationale: Higher highs and higher low formation is observed on 4 Hr time frame and price was able to violate previous highs of 1369 to give high of 1590. Price has retraced to base at 1350. One can use level of 1315 for invalidation of above long setup.
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