Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell Call Spread – BTC  – 26000 – 26200 –  13 September expiry at 50$</li>
</ul>
Stop Loss: Spread Premium of $100
Target: Spread Premium of $0
Payoff:
Max Profit: $50/BTC
Max Loss : $50/BTC
<img decoding="async" loading="lazy" class="aligncenter wp-image-32464 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-12-at-9.24.16-AM-1-1024x364.jpeg" alt="" width="525" height="187" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-12-at-9.24.16-AM-1-1024x364.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-12-at-9.24.16-AM-1-300x107.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-12-at-9.24.16-AM-1-768x273.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-12-at-9.24.16-AM-1-24x9.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-12-at-9.24.16-AM-1-36x13.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-12-at-9.24.16-AM-1-48x17.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-12-at-9.24.16-AM-1.jpeg 1131w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
Price has retraced to supply/ resistance area.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32465 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-12_09-27-55-1024x561.png" alt="" width="525" height="288" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-12_09-27-55-1024x561.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-12_09-27-55-300x164.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-12_09-27-55-768x420.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-12_09-27-55-24x13.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-12_09-27-55-36x20.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-12_09-27-55-48x26.png 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-12_09-27-55.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.

Trade Setup 12 Sept 23

Company

Resources

Information

Support