Research
Trade Setup 6 Dec 23
Delta Exchange
December 6, 2023
Sideways View on BTCUSDT Welcome to Daily Trade Setups. Trade:
- Sell Put Spread - BTC - 42400 - 42200 - 8 December expiry at 45$
Stop Loss: Spread Premium of $90 Target: Spread Premium of $0 Payoff: Max Profit: $45/BTC Max Loss : $45/BTC
Rationale: After BTC experienced a remarkable rise, there was a pullback from the 44490 levels, resulting in a decrease in BTC's value to 43574. Amid the BTC uptrend, a demand zone emerged at approximately 42300, indicating the potential for price retracement to this demand zone.
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