#IsraelIranConflict #IsraelIranConflict Market News and Concerns
Since the Israeli attack on Iran, the market has experienced a strong shock and has dropped significantly. The Israeli Defense Minister also stated that the attacks will continue for a few days, which may further affect the market, but looking at the technical analyses, the market paints a different picture.
How?
Before this attack, the market was in an overbought condition, requiring a correction to calm its strength and form a swing low, which has already been established, and its strength has also calmed down.
The current situation of the market from a technical perspective is upward, as its strength has dropped to its lowest level, and the Bollinger Bands volatility is at its highest levels, and 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 from 2510, which is a setup for a swinging average interest rate.
Thus, traders can also consider the current market price for setting a swinging average interest rate of 10% of their capital.
We will plan a swinging average interest rate on this setup as a market movement.