BTC Sideways to Bearish - selling Call spreadsBearish View on BTCUSDT
Trade:
Sell 41400 Call option of 27 January expiry @ $130
Buy 41800 Call option of 27 January expiry @ $80
Stop Loss: Spot level = $41400
Target: Premium = $0 in both legs
Max Profit: $50/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.
For risk management, we recommend setting a stop loss at 40500 to invalidate the aforementioned setup.