Research

Sideways View on BTCUSDT Welcome to Daily Trade Setups. Trade:<ul><li>Sell  44400 Call option of 4 February expiry @ $85</li></ul>Stop Loss: Premium = $170 Target: Premium = $0 Payoff chart at Expiry:<ul><li>Max Profit: $85/BTC</li></ul><figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/02/WhatsApp-Image-2024-02-02-at-9.24.11-AM-1024x462.jpeg" class="kg-image" alt loading="lazy" width="525" height="237"></figure>Rationale: The most recent movement in BTC suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts.<figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/02/WhatsApp-Image-2024-02-02-at-9.24.51-AM-1024x467.jpeg" class="kg-image" alt loading="lazy" width="525" height="239"></figure>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  44400 Call option of 4 February expiry @ $85

Stop Loss: Premium = $170 Target: Premium = $0 Payoff chart at Expiry:

 * Max Profit: $85/BTC

Rationale: The most recent movement in BTC suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts.

Disclaimer: This report must not be used as a singul

Trade Setup 2 Feb 2024