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Delta Exchange Blog
Trade Setup 4 Jan 2024
Research

Trade Setup 4 Jan 2024

Delta Exchange
Delta Exchange
January 4, 2024

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

  • Buy 44600 Call option of 6 January expiry @ $330
  • Sell (2x) 45600 Call option of 6 January expiry @ $170 each

Stop Loss: Spot level = $41000 Target: Spot level of $45600 Payoff chart at Expiry:

  • Max Profit: $1010/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 45000 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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