Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell 25000 Put option of 13 September expiry @ $65</li>
</ul>
Stop Loss: $125
Target: $5
Payoff:
<ul>
<li>Max Profit: $60/BTC</li>
<li>Max Loss: $60/BTC</li>
</ul>
<img decoding="async" loading="lazy" class="aligncenter wp-image-32452 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-11-at-9.17.59-AM-1024x364.jpeg" alt="" width="525" height="187" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-11-at-9.17.59-AM-1024x364.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-11-at-9.17.59-AM-300x107.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-11-at-9.17.59-AM-768x273.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-11-at-9.17.59-AM-24x9.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-11-at-9.17.59-AM-36x13.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-11-at-9.17.59-AM-48x17.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-11-at-9.17.59-AM.jpeg 1131w" sizes="(max-width: 525px) 100vw, 525px" />
 
Rationale:
On 1 Hr timeframe price is holding support level of 25300.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32453 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-06_09-12-24-1-1024x561.png" alt="" width="525" height="288" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-06_09-12-24-1-1024x561.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-06_09-12-24-1-300x164.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-06_09-12-24-1-768x420.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-06_09-12-24-1-24x13.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-06_09-12-24-1-36x20.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-06_09-12-24-1-48x26.png 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-06_09-12-24-1.png 1474w" 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.

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Sell 25000 Put option of 13 September expiry @ $65

Stop Loss: $125

Target: $5

Payoff:

 	Max P

Trade Setup 11 Sep 23

Company

Resources

Information

Support