Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell 27000 Call option of 27 August expiry @ $40</li>
<li>Sell 25200 Put option of 27 August expiry @ $50</li>
</ul>
Stop Loss:
<ul>
<li>C-27000 @100$</li>
<li>P-25200 @80$</li>
</ul>
Target: 0 in both legs
Payoff:
<ul>
<li>Max Profit: $90/BTC</li>
<li>Max Loss: $90/BTC</li>
</ul>
 
<img decoding="async" loading="lazy" class="aligncenter wp-image-32341 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.07-AM-1024x330.jpeg" alt="" width="525" height="169" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.07-AM-1024x330.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.07-AM-300x97.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.07-AM-768x248.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.07-AM-24x8.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.07-AM-36x12.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.07-AM-48x15.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.07-AM.jpeg 1131w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
On 1 Hr timeframe price is sandwiched between support and resistances of 25700 & 27000 respectively.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32340 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.43-AM-1024x487.jpeg" alt="" width="525" height="250" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.43-AM-1024x487.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.43-AM-300x143.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.43-AM-768x365.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.43-AM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.43-AM-36x17.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.43-AM-48x23.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/WhatsApp-Image-2023-08-25-at-9.05.43-AM.jpeg 1515w" 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.

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Sell 27000 Call option of 27 August expiry @ $40
 	Sell 25200 Put option of 27 August expiry @ $50

St

Trade Setup 25 Aug 23

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