BTC at Support levels - Put Selling
Sideways View on BTCUSDT
Trade:
Sell Put BTC - 37000 - 15 December expiry at 50$
Stop Loss: Premium of $100
Target: Premium of $0
Max Profit: 550/BTC
Max Loss : 550/BTC
Rationale:
Following an impressive surge in BTC, we observed a retracement from the 448900 levels, leading to a dip in BTC’s value to 40250.
Trade:
Sell Put BTC - 37000 - 15 December expiry at 50$
Stop Loss: Premium of $100
Target: Premium of $0
Max Profit: 550/BTC
Max Loss : 550/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.
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