BTC - PUT Spread in BTC -55$ Spread
Sideways View on BTCUSDT
Trade:
Sell Put Spread - BTC - 42400 - 42200 - 8 December expiry at 45$
Stop Loss: Spread Premium of $90
Target: Spread Premium of $0
Payoff:
Max Profit: 445/BTC
Max Loss : 445/BTC
Rationale:
After BTC experienced a remarkable rise, there was a pullback from the 44490 levels, resulting in a decrease in BTC's value to 43574.
Amid the BTC uptrend, a demand zone emerged at approximately 42300, indicating the potential for price retracement to this demand zone.
Trade:
Sell Put Spread - BTC - 42400 - 42200 - 8 December expiry at 45$
Stop Loss: Spread Premium of $90
Target: Spread Premium of $0
Payoff:
Max Profit: 445/BTC
Max Loss : 445/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.
Feragatname
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