Bitcoin Bullish Buzz: Limited Risk Call Spread for Quick Gains!

237
Sideways View on BTCUSDT

Trade:

Sell Call Spread – BTC – 35000 – 35200 – 2 November expiry at 40$

Stop Loss: Spread Premium of $80

Target: Spread Premium of $0

Payoff:

Max Profit: 440/BTC

Max Loss : 440/BTC

Rationale:

Following a notable price increase in the previous week, Bitcoin is presently confined to a tight trading range, encountering resistance around the $35,000 mark.

Enhancing the probability of this scenario, there is notable open interest (OI) in the $35,000 call options.

Feragatname

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