BTC - PUT Spread in BTC -55$ Spread

Sideways View on BTCUSDT

Trade:

Sell Put Spread - BTC  - 42400 - 42200 -  8  December expiry at 45$

Stop Loss: Spread Premium of $90

Target: Spread Premium of $0

Payoff:

Max Profit: 445/BTC

Max Loss : 445/BTC

Rationale:

After BTC experienced a remarkable rise, there was a pullback from the 44490 levels, resulting in a decrease in BTC's value to 43574.

Amid the BTC uptrend, a demand zone emerged at approximately 42300, indicating the potential for price retracement to this demand zone.