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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 is painting a different picture.
How?
Before this attack, the market was in an overbought condition, necessitating a correction to calm its strength and form a swing low, which has already occurred, and its strength has also calmed down.
The current market situation appears to be bullish from a technical standpoint, as its strength has dropped to its lowest level, and the Bollinger Bands' volatility is at its highest, with price movement also extended.
Thus, 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 interest rate setup.
Therefore, traders can also consider the current market price for a swing average interest rate setup 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 the lowest at 142, which can be used to buy SOL immediately.