Research

Sideways View on BTCUSDT Welcome to Daily Trade Setups. Trade:<ul><li>Sell  41000 PUT option of 7 February expiry @ $60</li></ul>Stop Loss: Premium = $120 Target: Premium = $0 Payoff chart at Expiry:<ul><li>Max Profit: $60/BTC</li></ul><figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/02/WhatsApp-Image-2024-02-05-at-10.18.01-AM-1024x630.jpeg" class="kg-image" alt loading="lazy" width="525" height="323"></figure>Rationale: The most recent movement in BTC suggests a potential temporary halt in the momentum, with noticeable retracements in play. Moreover, a recently established support has been pinpointed on the charts. Adding to our odds, high OI is also observed for 41k puts of 7 Feb expiry.<figure class="kg-card kg-image-card"><img src="https://static.delta.exchange/wp-content/uploads/2024/02/WhatsApp-Image-2024-02-05-at-10.19.32-AM-1024x485.jpeg" class="kg-image" alt loading="lazy" width="525" height="249"></figure>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 BTCUSDT Welcome to Daily Trade Setups. Trade:

 * Sell  41000 PUT option of 7 February expiry @ $60

Stop Loss: Premium = $120 Target: Premium = $0 Payoff chart at Expiry:

 * Max Profit: $60/BTC

Rationale: The most recent movement in BTC suggests a potential temporary halt in the momentum, with noticeable retracements in play. Moreover, a recently established support has been pinpointed on the charts. Adding to our odds, high OI is also observed for 41k puts of 7 Feb expiry.



Trade Setup 5 Feb 2024