Trading Idea

As we enter late August, liquidity in the crypto market remains tight, leading to predominantly slightly volatile market conditions. Based on the candlestick chart, ETH has some support of around $2,600 and is showing an upward trend.

If you anticipate that ETH will increase slightly, you might consider buying a bull call spread.

Trade Structure

Buy 1x ETH-23AUG24-2650-C @ $24

Sell 1x ETH-23AUG24-2700-C @ $12.6

Maximum Profit:$38.6

  • If the price of ETH reaches or exceeds $2,700 when the options expire on August 23rd, traders will achieve the maximum profit from this strategy.
  • If the price does not increase sufficiently, the potential loss is limited to the initial debit of $11.4.
  • The breakeven point is $2,661.4.

👉👉 Go to the Coincall Combe Trade page to place an order now: https://www.coincall.com/combo

Disclaimer

This information is for reference only and does not constitute trading advice. Investors should conduct their own research before making any trading decisions.

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