BTC BUllish - Call spreads play

49
Bullish View on BTCUSDT

Trade:


Buy 43800 Call option of 7 February expiry @ $80
Sell (2x) 44400 Call option of 7 February expiry @ $30 each

Stop Loss: Spot level = $41700

Target: Spot level of $44400

Max Profit: 5580/BTC

Rationale:

The most recent movement in BTC suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts.

For risk management, we recommend setting a stop loss at 41700 to invalidate the aforementioned setup.

Feragatname

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