Research

Bearish View on BTCUSDT Welcome to Daily Trade Setups. Trade:<ul><li>Buy 41400 Call option of 25 January expiry @ $150</li><li>Sell (2x) 42400 Call option of 25 January expiry @ $60 each</li></ul>Stop Loss: Spot level = $39000 Target: Spot level of $42400 Payoff chart at Expiry:<ul><li>Max Profit: $970/BTC</li></ul><figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-23-at-9.55.16-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. For risk management, we recommend setting a stop loss at 39000 to invalidate the aforementioned setup.<figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-23-at-9.54.55-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.

Bearish View on BTCUSDT Welcome to Daily Trade Setups. Trade:

 * Buy 41400 Call option of 25 January expiry @ $150
 * Sell (2x) 42400 Call option of 25 January expiry @ $60 each

Stop Loss: Spot level = $39000 Target: Spot level of $42400 Payoff chart at Expiry:

 * Max Profit: $970/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 pinp

Trade Setup 23 Jan 2024