Research

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><figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.01.35-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 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.<figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-29-at-10.02.42-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.

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

Stop Loss: Spot level = $40000 Target: Premium = $0 in both legs Payoff chart at Expiry:

 * Max Profit: $50/BTC

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 pinpoint

Trade Setup 29 Jan 2024