Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell Put option BTC- 25800 –  17 September expiry at 50$</li>
</ul>
Stop Loss: Premium of $100
Target: Premium of $0
Payoff:
Max Profit: $50/BTC
Max Loss : $50/BTC
<img decoding="async" loading="lazy" class="aligncenter wp-image-32502 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-15-at-8.55.00-AM-1024x364.jpeg" alt="" width="525" height="187" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-15-at-8.55.00-AM-1024x364.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-15-at-8.55.00-AM-300x107.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-15-at-8.55.00-AM-768x273.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-15-at-8.55.00-AM-24x9.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-15-at-8.55.00-AM-36x13.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-15-at-8.55.00-AM-48x17.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-15-at-8.55.00-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-32501 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-15_08-58-24-1024x561.png" alt="" width="525" height="288" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-15_08-58-24-1024x561.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-15_08-58-24-300x164.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-15_08-58-24-768x420.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-15_08-58-24-24x13.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-15_08-58-24-36x20.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-15_08-58-24-48x26.png 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/09/BTCUSDT_2023-09-15_08-58-24.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 15 Sept 23

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