Research

Bearish View on BTCUSDT Welcome to Daily Trade Setups. Trade:<ul><li>Buy 38000 Put option of 26 January expiry @ $150</li><li>Sell 37500 Put option of 26 January expiry @ $100</li></ul>Stop Loss: Spot level = $40500 Target: Spot level of $37500 Payoff chart at Expiry:<ul><li>Max Profit: $450/BTC</li></ul><figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-24-at-10.04.34-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 40500 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-2024-01-24-at-10.05.28-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 38000 Put option of 26 January expiry @ $150
 * Sell 37500 Put option of 26 January expiry @ $100

Stop Loss: Spot level = $40500 Target: Spot level of $37500 Payoff chart at Expiry:

 * Max Profit: $450/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 t

Trade Setup 24 Jan 2024