BTC : Sandwiched in Demand & Support
Sideways View on BTCUSDT
Trade:
Sell Put Spread - BTC - 42400 - 42200- 16 December expiry at 90$
Stop Loss: Spread Premium = $180
Target: Spread Premium = $0
Max Profit: 90BTC
Max Loss : 990/BTC
Rationale:
After a remarkable uptrend in BTC, we witnessed a pullback from the 448900 levels, resulting in a decline in BTC’s value to 40250. We have a support areas / demand zone at 40225 levels on 4 HR time frame.
Consequently, the price is now caught between newly established support and resistance areas in the recent price movements, rendering BTC sideways in the short term.
Trade:
Sell Put Spread - BTC - 42400 - 42200- 16 December expiry at 90$
Stop Loss: Spread Premium = $180
Target: Spread Premium = $0
Max Profit: 90BTC
Max Loss : 990/BTC
Rationale:
After a remarkable uptrend in BTC, we witnessed a pullback from the 448900 levels, resulting in a decline in BTC’s value to 40250. We have a support areas / demand zone at 40225 levels on 4 HR time frame.
Consequently, the price is now caught between newly established support and resistance areas in the recent price movements, rendering BTC sideways in the short term.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.