Since the Israeli attack on Iran, the market has been severely shaken and has fallen sharply. The Israeli Defense Minister also stated that the attacks would continue for a few days, potentially further impacting the market. However, a technical analysis of the market paints a different picture.
How?
Prior to this attack, the market was in a buying mood and required a correction to calm its strength and form a swing low. This swing low has already formed, and its strength has also calmed down.
Technically, the current market situation appears to be in an uptrend, with strength falling to lower lows, Bollinger Bands volatility at higher highs, and price action expanding.
Therefore, technically, the market is a good buy.
Here's my plan: I have already opened a long position on Ethereum at 2510, which is the Average Interest Rate (MAIR) setting.
Therefore, traders can also look at the current market price to determine a 10% MAIR of their capital.
We will plot the average swing interest rate on this setup as a market action.
For immediate holding, the lowest SOL price is 142, which can be used to purchase SOL immediately.