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Delta Exchange Blog
Trade Setup 29 Dec 2023
Research

Trade Setup 29 Dec 2023

Delta Exchange
Delta Exchange
December 29, 2023

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

  • Buy 43400 Call option of 31 December expiry @ $280
  • Sell (2x) 44400 Call option of 31 December expiry @ $130 each

Stop Loss: Spot level = $41500 Target: Spot level of $44000 Payoff chart at Expiry:

  • Max Profit: $980/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 44000 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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