Research
Trade Setup 9 Oct 23
Delta Exchange
October 9, 2023
Bullish View on BTCUSDT Welcome to Daily Trade Setups. Trade:
- Sell Put Spread - BTC - 27400 - 27000 - 10 October expiry at 35$
Stop Loss: Spread Premium of $70 Target: Spread Premium of $0 Payoff: Max Profit: $35/BTC Max Loss : $35/BTC
Rationale: BTC has formed a base around $27000, the trend of BTC is up on daily time frame as two resistances has been violated viz $27400 & $28000. Adding to the odds, high OI is observed at $27000 strike. Refer - https://www.delta.exchange/app/options_analytics
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.