Bullish View on BTCUSDT
Trade:
Sell 41000 Put option of 12 January expiry @ $250
Buy 40500 Put option of 12 January expiry @ $200
Stop Loss: Spot level = $41000
Target: Premium =$0 in both legs
Max Profit: $50/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 45900 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. This steadfast adherence underscores the robust buyer sentiment in the market.
Trade:
Sell 41000 Put option of 12 January expiry @ $250
Buy 40500 Put option of 12 January expiry @ $200
Stop Loss: Spot level = $41000
Target: Premium =$0 in both legs
Max Profit: $50/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 45900 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. This steadfast adherence underscores the robust buyer sentiment in the market.
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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.