Bullish View on MKRUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy MKR Perpetual future at 1120</li>
</ul>
Stop Loss: 1080
Target: 1180
Payoff:
Max Profit: $60MKR
Max Loss : $40/MKR
<img decoding="async" loading="lazy" class="aligncenter wp-image-32423 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-05-at-9.33.31-AM-1024x364.jpeg" alt="" width="525" height="187" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-05-at-9.33.31-AM-1024x364.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-05-at-9.33.31-AM-300x107.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-05-at-9.33.31-AM-768x273.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-05-at-9.33.31-AM-24x9.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-05-at-9.33.31-AM-36x13.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-05-at-9.33.31-AM-48x17.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-05-at-9.33.31-AM.jpeg 1131w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
On daily timeframe price is holding support level of 1088.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32424 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/MKRUSDT_2023-09-05_09-38-14-1-1024x561.png" alt="" width="525" height="288" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/MKRUSDT_2023-09-05_09-38-14-1-1024x561.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/MKRUSDT_2023-09-05_09-38-14-1-300x164.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/MKRUSDT_2023-09-05_09-38-14-1-768x421.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/MKRUSDT_2023-09-05_09-38-14-1-24x13.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/MKRUSDT_2023-09-05_09-38-14-1-36x20.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/MKRUSDT_2023-09-05_09-38-14-1-48x26.png 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/MKRUSDT_2023-09-05_09-38-14-1.png 1473w" sizes="(max-width: 525px) 100vw, 525px" />
Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Trade Setup 5 Sept 23

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