#IsraelIranConflict Market News and Concerns
Since the Israeli attack on Iran, the market has experienced a strong shock and has dropped significantly. The Israeli Minister of Defense also stated that the attacks will continue for a few days, which could 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 overbought condition, requiring a correction to calm its strength and form a swing bottom, which has already formed, and its strength has also calmed down.
The current market situation from a technical standpoint appears to be upward, as its strength has dropped to its lowest level, the Bollinger Bands volatility is at its highest, and price movement is also extended.
Thus, from a technical perspective, 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 swing average interest rate setup.
Therefore, traders can also consider the current market price to set a swing average interest rate of 10% of their capital.
We will plan a swing average interest rate on this setup as a market movement.
For immediate holding, the price of SOL is at its lowest at 142, which can be used to buy SOL immediately.