#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 also stated that the attacks will continue for a few days, which may further affect 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 calm its strength and form a swing low, which has already occurred, and its strength has also calmed down.
The current technical situation of the market appears to be on an upward trend, as its strength has dropped to its lowest level, the Bollinger Bands volatility is at its highest, and the price movement is also extended.
Therefore, from a technical perspective, 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 price setup.
Thus, traders may also consider the current market price for a swing average price setup of 10% of their capital.
We will plan a swing average price on this setup as a market move.
For immediate holding, the price of SOL is the lowest at 142, which can be used to buy SOL in the spot market.