BTC - PUT Spread in BTC -55$ Spread

Sideways View on BTCUSDT

Trade:


Sell Put Spread – BTC – 41200 – 41000 – 6 December expiry at 50$
Stop Loss: Spread Premium of $100

Target: Spread Premium of $0

Payoff:

Max Profit: 550/BTC

Max Loss : 550/BTC

Rationale:

Following an impressive surge in BTC, we observed a retracement from the 42500 levels, leading to a dip in BTC’s value to 41600.
Chart PatternsTechnical IndicatorsTrend Analysis

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