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.
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.