BTC Sideways- Selling calls of short maturity
Sideways View on BTCUSDT
Trade:
Sell 44400 Call option of 4 February expiry @ $85
Stop Loss: Premium = $170
Target: Premium = $0
Max Profit: $85/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.
Trade:
Sell 44400 Call option of 4 February expiry @ $85
Stop Loss: Premium = $170
Target: Premium = $0
Max Profit: $85/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.