#IsraelIranConflict

#IsraelIranConflict Market News and Concerns

Since the Israeli attack on Iran, the market has suffered a severe shock and has dropped significantly. The Israeli Defense Minister also stated that the attacks will continue for a few days, which may further impact 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 cool off its strength and establish a swing low, which has already formed, and its strength has also calmed down.

The current technical situation of the market appears to be bullish, as its strength has dropped to its lowest level, and the Bollinger range volatility is at its highest, with the price movement 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 swing average interest rate.

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

We will plan the swing average interest rate on this setup as a market move.