Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade/s:
<ul>
<li>Sell 25800 Put option of 16 September expiry @ $110</li>
<li>Buy 25400 Put option of 16 September expiry @ $50</li>
</ul>
Stop Loss: Spot 25575
Target: 0 in P-25800
Payoff:
Max Profit: $60/BTC
Max Loss w/o SL: $340/BTC
<img decoding="async" loading="lazy" class="aligncenter wp-image-32490 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-14-at-9.57.46-AM-1024x364.jpeg" alt="" width="525" height="187" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-14-at-9.57.46-AM-1024x364.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-14-at-9.57.46-AM-300x107.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-14-at-9.57.46-AM-768x273.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-14-at-9.57.46-AM-24x9.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-14-at-9.57.46-AM-36x13.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-14-at-9.57.46-AM-48x17.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-14-at-9.57.46-AM.jpeg 1131w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
Price has successfully breached  level of 26000, hence the trend is shifted to sideways from down.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32485 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-14_09-53-44-1024x561.png" alt="" width="525" height="288" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-14_09-53-44-1024x561.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-14_09-53-44-300x164.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-14_09-53-44-768x420.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-14_09-53-44-24x13.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-14_09-53-44-36x20.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-14_09-53-44-48x26.png 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-14_09-53-44.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/s:

 	Sell 25800 Put option of 16 September expiry @ $110
 	Buy 25400 Put option of 16 September expiry @ $5

Trade Setup 14 Sept 23

Company

Resources

Information

Support