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Delta Exchange Blog
Trade Setup 7 Dec 23
Research

Trade Setup 7 Dec 23

Delta Exchange
Delta Exchange
December 7, 2023

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

  • Buy ETH Perpetual future at $2250

Stop Loss: $2180 Target: $2350 Payoff: Max Profit: $100/ETH Max Loss : $70/ETH

Rationale: ETH has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 2275 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. We can use 2180 as stop loss of for invalidation of above setup.

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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