Bearish View on BNBUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell  BNB Perpetual future at 215</li>
</ul>
Stop Loss: 223
Target: 202
Payoff:
Max Profit: $13/BNB
Max Loss : $8/BNB
 
<img decoding="async" loading="lazy" class="aligncenter wp-image-32304 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.15.31-AM-1024x629.jpeg" alt="" width="525" height="322" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.15.31-AM-1024x629.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.15.31-AM-300x184.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.15.31-AM-768x472.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.15.31-AM-24x15.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.15.31-AM-36x22.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.15.31-AM-48x30.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.15.31-AM.jpeg 1194w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
On daily timeframe major support of 219.8 is broken making the trend Down.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32303 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.18.25-AM-1024x561.jpeg" alt="" width="525" height="288" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.18.25-AM-1024x561.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.18.25-AM-300x164.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.18.25-AM-768x420.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.18.25-AM-24x13.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.18.25-AM-36x20.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.18.25-AM-48x26.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-23-at-10.18.25-AM.jpeg 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 23 Aug 23-1

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