BTC bullish to sideways - call spreads play
Bullish View on BTCUSDT
Trade:
Buy 44000 Call option of 2 February expiry @ $270
Sell (2x) 45000 Call option of 2 February expiry @ $130 each
Stop Loss: Spot level = $41300
Target: Spot level of $45000
Max Profit: $990/BTC
Rationale:
The most recent movement in BTC suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts.
For risk management, we recommend setting a stop loss at 41300 to invalidate the aforementioned setup.
Trade:
Buy 44000 Call option of 2 February expiry @ $270
Sell (2x) 45000 Call option of 2 February expiry @ $130 each
Stop Loss: Spot level = $41300
Target: Spot level of $45000
Max Profit: $990/BTC
Rationale:
The most recent movement in BTC suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts.
For risk management, we recommend setting a stop loss at 41300 to invalidate the aforementioned setup.