Bullish View on BTCUSDT
Trade:
Buy BTCUSDT Perpetual Future @ $42800
Sell (2x) 43600 Call option of 30 December expiry @ $150 each
Stop Loss: Spot level = $42500
Target: Spot level of $43600
Max Profit: $1100/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 44000 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
Trade:
Buy BTCUSDT Perpetual Future @ $42800
Sell (2x) 43600 Call option of 30 December expiry @ $150 each
Stop Loss: Spot level = $42500
Target: Spot level of $43600
Max Profit: $1100/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 44000 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.