#IsraelIranConflict #IsraelIranConflict Market News and Concerns
Since the Israeli attack on Iran, the market has experienced a strong shock and has fallen sharply. The Israeli Defense Minister also stated that the attacks will continue for a few days, which may further impact the market, but looking at the technical analyses, the market is painting a different picture.
How?
Before this attack, the market was in an overstretched buying state, requiring a correction to ease its strength and form a swing low, which has already formed, and its strength has also calmed down.
The current market situation technically appears to be bullish, as its strength has dropped to its lowest level, the Bollinger Band volatility is at its highest, and the price movement is also extended.
Thus, technically, the market is a good buying option.
Here is my plan: I have already opened a futures position on Ethereum from 2510, which is a swing average interest rate setup.
Therefore, traders can also consider the current market price for setting up a swing average interest rate of 10% of their capital.
We will plan a swing average interest rate on this setup as a market move.
For immediate holding, the price of SOL is the lowest at 142, which can be used to buy SOL in the spot market.