BTC PUT Spread - Retraces to base
Bullish View on BTCUSDT
Trade:
Sell Put Spread - BTC - 41600 - 41200- 17 January expiry at $45
Stop Loss: Spread Premium = $90
Target: Spread Premium = $0
Max Profit: 445/BTC
Max Loss : 445/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41800$. This steadfast adherence underscores the robust buyer sentiment in the market.
Trade:
Sell Put Spread - BTC - 41600 - 41200- 17 January expiry at $45
Stop Loss: Spread Premium = $90
Target: Spread Premium = $0
Max Profit: 445/BTC
Max Loss : 445/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41800$. This steadfast adherence underscores the robust buyer sentiment in the market.
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