Bitcoin / TetherShort
BTC PUT SPREAD
Sideways View on BTCUSDT
Trade:
Buy 42200 Put option of 6 January expiry @ $280
Sell (2x) 41200 Put option of 6 January expiry @ $120 each
Stop Loss: Spot level = $44500
Target: Spot level of $41200
Max Profit: 9960/BTC
Rationale:
BTC has exhibited a pattern of achieving lower highs and lower lows in its daily price movements. Notably, it broke through key pivot levels at 43500 during the recent trading session.
Examining the 1-hour chart, it’s evident that the price is consistently adhering to established resistance / supply zones.
Trade:
Buy 42200 Put option of 6 January expiry @ $280
Sell (2x) 41200 Put option of 6 January expiry @ $120 each
Stop Loss: Spot level = $44500
Target: Spot level of $41200
Max Profit: 9960/BTC
Rationale:
BTC has exhibited a pattern of achieving lower highs and lower lows in its daily price movements. Notably, it broke through key pivot levels at 43500 during the recent trading session.
Examining the 1-hour chart, it’s evident that the price is consistently adhering to established resistance / supply zones.
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