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Delta Exchange Blog
Trade Setup 5 Dec 23
Research

Trade Setup 5 Dec 23

Delta Exchange
Delta Exchange
December 5, 2023

Sideways View on BTCUSDT Welcome to Daily Trade Setups. Trade:

  • Sell Put Spread - BTC - 41200 - 41000 - 6 December expiry at 50$

Stop Loss: Spread Premium of $100 Target: Spread Premium of $0 Payoff: Max Profit: $50/BTC Max Loss : $50/BTC

Rationale: Following an impressive surge in BTC, we observed a retracement from the 42500 levels, leading to a dip in BTC’s value to 41600.

Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to https://www.delta.exchange/research-disclaimer for analyst disclaimer and other disclosures.

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