BTC at Resistance levels - Call Selling

Sideways View on BTCUSDT

Trade:

Sell Call -BTC  - 44600 -  20  December expiry at 75$

Stop Loss: Premium = $150

Target: Premium = $0

Payoff:

Max Profit: 775/BTC

Max Loss : 775/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.