Bullish View on ETHUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy ETH Perpetual future at $2050</li>
</ul>
Stop Loss: $2000
Target: $2110
Payoff:
Max Profit: $60/ETH
Max Loss : $40/ETH
<img loading="lazy" decoding="async" class="aligncenter wp-image-33485 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.38.05-AM-1024x551.jpeg" alt="" width="525" height="282" srcset="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.38.05-AM-1024x551.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.38.05-AM-300x161.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.38.05-AM-768x413.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.38.05-AM-24x13.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.38.05-AM-36x19.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.38.05-AM-48x26.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.38.05-AM.jpeg 1196w" sizes="(max-width: 525px) 100vw, 525px" />
 
Rationale:
The recent price movement in ETH has convincingly breached the resistance level at 1850, and gave a swing high of 2125. Now the price is attempting to retrace towards its foundational or demand zone regions.
An encouraging sign is that ETHUSDT has maintained its support levels while retracing, further bolstering our confidence in its performance.
Examining the daily 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.
<img loading="lazy" decoding="async" class="aligncenter wp-image-33486 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.39.36-AM-1024x485.jpeg" alt="" width="525" height="249" srcset="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.39.36-AM-1024x485.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.39.36-AM-300x142.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.39.36-AM-768x364.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.39.36-AM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.39.36-AM-36x17.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.39.36-AM-48x23.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-14-at-9.39.36-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 14 Nov 23

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