Bullish View on ETHUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy ETH Perpetual future at $2250</li>
</ul>
Stop Loss: $2180
Target: $2350
Payoff:
Max Profit: $100/ETH
Max Loss : $70/ETH
<img loading="lazy" decoding="async" class="aligncenter wp-image-33996 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM-1024x462.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM-300x135.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM-768x346.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM-48x22.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.04-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
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.
<img loading="lazy" decoding="async" class="aligncenter wp-image-33997 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM-1024x447.jpeg" alt="" width="525" height="229" srcset="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM-1024x447.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM-300x131.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM-768x335.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM-24x10.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM-48x21.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-07-at-9.54.34-AM.jpeg 1330w" 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 7 Dec 23