#IsraelIranConflict #IsraelIranConflict Market News and Concerns
Since the Israeli attack on Iran, the market has experienced a strong shock and has dropped significantly. The Israeli Defense Minister has also stated that the attacks will continue for a few days, which may further affect the market. However, looking at the technical analyses, the market is painting a different picture.
How?
Before this attack, the market was in a state of overbuying, requiring a correction to calm its strength and form a swing bottom, which has already occurred, and its strength has also calmed down.
The current market situation technically appears to be bullish, as its strength has dropped to its lowest level, the Bollinger range volatility is at its highest, and the price movement is also extended.
Therefore, technically, the market is a good buying option.
This is my plan: I have already opened a forward position on Ethereum from 2510, which is a medium swing interest rate setup.
Thus, traders can also consider the current market price for setting a medium swing interest rate of 10% of their capital.
We will plan a medium swing interest rate on this setup as a market movement.
For immediate holding, the price of SOL is at its lowest, which is 142, and can be used to buy SOL immediately.