Recently, the situation in the Middle East seems like a joke—Trump says there's a ceasefire, Iran's officials first acknowledge it then deny it, and Israel just announced a ceasefire only to say they will continue fighting. Iranian missiles haven’t stopped, yet Netanyahu has also agreed to a ceasefire... the news is as chaotic as a pot of porridge.
The market is jumping up and down with these true and false messages, in this kind of market:
Either take extremely short positions and get in and out quickly
Or stick to support and resistance levels, going high on short positions and low on long positions
Anyway, don’t take it seriously, it’s all just news-driven
However, what’s interesting now is:
The market is starting to become desensitized to this kind of news, volatility has clearly decreased
Near key price levels, there’s repeated probing, and both bulls and bears are hesitating
My strategy can be summed up in one word: wait!
Entering the market now makes one vulnerable to being caught off guard, it’s better to wait for the market to find its own direction. I’d rather miss out than make a mistake; preserving capital is the most important thing.