Bullish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell 40000 Put option of 2 February expiry @ $130</li>
<li>Buy 39500 Put option of 2 February expiry @ $80</li>
</ul>
Stop Loss: Spot level = $40000
Target: Premium = $0 in both legs
Payoff chart at Expiry:
<ul>
<li>Max Profit: $50/BTC</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-34373 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-AM-1024x462.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-AM-300x135.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-AM-768x346.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-AM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-AM-36x16.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-AM-48x22.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
 
Rationale:
The most recent movement in BTC suggests a potential temporary halt in the downward momentum, with noticeable retracements in play. Moreover, a recently established support zone/demand zone has been pinpointed on the charts.
For risk management, we recommend setting a stop loss at 40000 to invalidate the aforementioned setup.
 
<img loading="lazy" decoding="async" class="aligncenter wp-image-34374 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM-1024x467.jpeg" alt="" width="525" height="239" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM-1024x467.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM-300x137.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM-768x350.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM-330x151.jpeg 330w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM-36x16.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM-48x22.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-AM.jpeg 1330w" 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.

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Sell 40000 Put option of 2 February expiry @ $130
 	Buy 39500 Put option of 2 February expiry @ $80

Sto

Trade Setup 29 Jan 2024

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