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Delta Exchange Blog
Trade Setup 26 Dec 23
Research

Trade Setup 26 Dec 23

Delta Exchange
Delta Exchange
December 26, 2023

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

  • Sell Call Spread - BTC - 44000 - 44400- 27 December expiry at 65$

Stop Loss: Spread Premium = $130 Target: Spread Premium = $0 Payoff: Max Profit: $65BTC Max Loss : $65/BTC

Rationale: After a remarkable uptrend in BTC, we witnessed a pullback from the 448900 levels, resulting in a decline in BTC’s value to 40250. We have a support areas / demand zone at 40225 levels on 4 HR time frame. Consequently, the price is now caught between newly established support and resistance areas in the recent price movements, rendering BTC sideways in the short term.

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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