Market News and Concerns

Since the Israeli attack on Iran, the market has suffered a severe shock and has dropped sharply. The Israeli defense minister also stated that the attacks would continue for a few days, which may further affect the market. However, looking at the technical analyses, the market is painting a different picture.

How?

Before this attack, the market was in a state of overbuying, necessitating a correction to calm its strength and form a swing bottom, which has already formed, and its strength has also eased.

The current technical situation of the market appears to be bullish, as its strength has dropped to its lowest level, the Bollinger range volatility is at its highest levels, and the price movement is also extended.

Therefore, technically, the market is a good buying option.

This is my plan: I have already opened a futures position on Ethereum at 2510, which is a swing average interest rate setup.

Therefore, traders may also consider the current market price for a swing average interest rate setup 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 at its lowest at 142, which can be used to buy SOL immediately.