Sideways View on ETHUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy 1900 Put option of 24 November expiry @ $25</li>
<li>Sell (2x) 1800 Put option of 24 November expiry @ $10 each</li>
</ul>
Stop Loss: Spot level = $2050
Target: Spot level of $1800
Payoff chart at Expiry:
<ul>
<li>Max Profit: $95/ETH</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-33585 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.01.46-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.01.46-AM-1024x462.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.01.46-AM-300x135.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.01.46-AM-768x346.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.01.46-AM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.01.46-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.01.46-AM-48x22.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.01.46-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
ETH appears to be trading in a tight range, hovering between the support level at 1940 and the resistance level at 2100, which suggests a sideways trend in the short term.
<img loading="lazy" decoding="async" class="aligncenter wp-image-33586 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.02.13-AM-1024x447.jpeg" alt="" width="525" height="229" srcset="https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.02.13-AM-1024x447.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.02.13-AM-300x131.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.02.13-AM-768x335.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.02.13-AM-24x10.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.02.13-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.02.13-AM-48x21.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/11/WhatsApp-Image-2023-11-17-at-9.02.13-AM.jpeg 1330w" 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.

Sideways View on ETHUSDT

Welcome to Daily Trade Setups.

Trade:

 	Buy 1900 Put option of 24 November expiry @ $25
 	Sell (2x) 1800 Put option of 24 November expiry @ $10 

Trade Setup 17 -1 Nov 2023

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