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: $50/BTC

Max Loss : $50/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.