Bullish View on BTCUSDT
Trade:
Buy 44000 Call option of 2 February expiry @ $270
Sell (2x) 45000 Call option of 2 February expiry @ $130 each
Stop Loss: Spot level = $41300
Target: Spot level of $45000
Max Profit: $990/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 41300 to invalidate the aforementioned setup.
Trade:
Buy 44000 Call option of 2 February expiry @ $270
Sell (2x) 45000 Call option of 2 February expiry @ $130 each
Stop Loss: Spot level = $41300
Target: Spot level of $45000
Max Profit: $990/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 41300 to invalidate the aforementioned setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.