Sideways View on BTCUSDT
Trade:
Sell Put BTC - 37000 - 15 December expiry at 50$
Stop Loss: Premium of $100
Target: Premium of $0
Max Profit: $50/BTC
Max Loss : $50/BTC
Rationale:
Following an impressive surge in BTC, we observed a retracement from the 448900 levels, leading to a dip in BTC’s value to 40250.
Trade:
Sell Put BTC - 37000 - 15 December expiry at 50$
Stop Loss: Premium of $100
Target: Premium of $0
Max Profit: $50/BTC
Max Loss : $50/BTC
Rationale:
Following an impressive surge in BTC, we observed a retracement from the 448900 levels, leading to a dip in BTC’s value to 40250.