Bearish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade/s:
<ul>
<li>Sell 27000 Call option of 26 August expiry @ $140</li>
<li>Buy 28000 Call option of 26 August expiry @ $40</li>
</ul>
Stop Loss: Spot 27130 
Target: 01
Payoff:
Max Profit: $100/BTC
Max Loss w/o SL: $900/BTC
<figure id="attachment_32325" aria-describedby="caption-attachment-32325" style="width: 525px" class="wp-caption aligncenter"><img decoding="async" loading="lazy" class="wp-image-32325 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/Screenshot-2023-08-24-092649-1024x322.jpg" alt="Payoff Chart 24 Aug 23" width="525" height="165" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/Screenshot-2023-08-24-092649-1024x322.jpg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/Screenshot-2023-08-24-092649-300x94.jpg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/Screenshot-2023-08-24-092649-768x241.jpg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/Screenshot-2023-08-24-092649-24x8.jpg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/Screenshot-2023-08-24-092649-36x11.jpg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/Screenshot-2023-08-24-092649-48x15.jpg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/Screenshot-2023-08-24-092649.jpg 1066w" sizes="(max-width: 525px) 100vw, 525px" /><figcaption id="caption-attachment-32325" class="wp-caption-text">Payoff Chart 24 Aug 23</figcaption></figure>
Rationale:
On daily timeframe 26800 is acting as strong resistance.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32322 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-24_09-17-33-1024x561.png" alt="" width="525" height="288" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-24_09-17-33-1024x561.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-24_09-17-33-300x164.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-24_09-17-33-768x420.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-24_09-17-33-24x13.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-24_09-17-33-36x20.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-24_09-17-33-48x26.png 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-24_09-17-33.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.

Bearish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade/s:

 	Sell 27000 Call option of 26 August expiry @ $140
 	Buy 28000 Call option of 26 August expiry @ $40



Trade Setup 24 Aug 23

Company

Resources

Information

Support