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March 26 Crypto Market
US-Iran negotiations are underway. News shows Iranian nuclear facilities were bombed, and the US is deploying additional ground troops—everything looks like the war is escalating. But the reality reflected is that Iran refused to cooperate, and Trump got impatient. The war might actually be coming to an end.
On the charts, the volatility is very narrow, and there's no value in box trading. Here I'm choosing to open some spot longs to bet on a news-driven rally. I'll set a shallow stop-loss below—even if I lose, the losses won't be significant.