Explore the mix of my investment portfolio. Follow me to see how I invest!
#IsraelIranConflict Market news and concerns
Since the Israeli attack on Iran, the market has suffered a strong shock and has fallen sharply. 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 analysis, the market paints a different picture.
How?
Before this attack, the market was in an overbought condition, requiring a correction to calm its strength and form a swing low, which has already formed, and its strength has also calmed down.
The current market situation technically appears to be upward, 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.
Here’s my plan: I have already opened a futures position on Ethereum at 2510, which is a swing average interest rate setup.
Thus, 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.