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Delta Exchange Blog
Trade Setup 14 Nov 23
Research

Trade Setup 14 Nov 23

Delta Exchange
Delta Exchange
November 14, 2023

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

  • Buy ETH Perpetual future at $2050

Stop Loss: $2000 Target: $2110 Payoff: Max Profit: $60/ETH Max Loss : $40/ETH

Rationale: The recent price movement in ETH has convincingly breached the resistance level at 1850, and gave a swing high of 2125. Now the price is attempting to retrace towards its foundational or demand zone regions. An encouraging sign is that ETHUSDT has maintained its support levels while retracing, further bolstering our confidence in its performance. Examining the daily 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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