#IsraelIranConflict #IsraelIranConflict Market News and Concerns
Since the Israeli attack on Iran, the market has experienced a strong shock and has dropped 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 analyses, the market paints a different picture.
How?
Prior to this attack, the market was in an overbought condition, and a correction was required to calm its strength and form a swing low, which has already been established, and its strength has also calmed down.
The current technical situation of the market appears to be bullish, as its strength has declined to its lowest level, and the Bollinger Band volatility is at its highest, with price movement also extended.
Therefore, technically, the market is a good buy option.
This is my plan: I have already opened a futures position on Ethereum at 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 a swing average interest rate on this setup as a market movement.