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 may further impact the market. However, looking at the technical analyses, the market paints a different picture.

How?

Before this attack, the market was in an overbought state, requiring a correction to calm its strength and form a swing low, which has already occurred, and its strength has calmed as well.

The current technical situation of the market appears to be bullish, with its strength dropping to its lowest level, the Bollinger range volatility at its highest, and price action also extended.

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

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

Thus, traders can also consider the current market price for a swing average price setup of 10% of their capital.

We will plan a swing average price 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.