Bullish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell Put Spread – BTC  – 27000 – 26800 –  1 September expiry at 50$</li>
</ul>
Stop Loss: Put Spread Premium of $100
Target: Put Spread Premium of $0
Payoff:
Max Profit: $50/BTC
Max Loss : $50/BTC
Rationale:
On daily timeframe major resistance of 26800 is violated, hence the trend is up.
<img decoding="async" loading="lazy" class="aligncenter wp-image-32394 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-31_10-21-49-1024x561.png" alt="" width="525" height="288" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-31_10-21-49-1024x561.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-31_10-21-49-300x164.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-31_10-21-49-768x420.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-31_10-21-49-24x13.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-31_10-21-49-36x20.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-31_10-21-49-48x26.png 48w, https://prod-wp.delta.exchange/wp-content/uploads/2023/08/BTCUSDT_2023-08-31_10-21-49.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.

Trade Setup 31 Aug 23

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