BTC - PUT Spread in BTC -55$ Spread
Sideways View on BTCUSDT
Trade:
Sell Put Spread – BTC – 41200 – 41000 – 6 December expiry at 50$
Stop Loss: Spread Premium of $100
Target: Spread Premium of $0
Payoff:
Max Profit: 550/BTC
Max Loss : 550/BTC
Rationale:
Following an impressive surge in BTC, we observed a retracement from the 42500 levels, leading to a dip in BTC’s value to 41600.
Trade:
Sell Put Spread – BTC – 41200 – 41000 – 6 December expiry at 50$
Stop Loss: Spread Premium of $100
Target: Spread Premium of $0
Payoff:
Max Profit: 550/BTC
Max Loss : 550/BTC
Rationale:
Following an impressive surge in BTC, we observed a retracement from the 42500 levels, leading to a dip in BTC’s value to 41600.
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