It has been half a month since the U.S. and Iran officially signed the 14-point memorandum of understanding, and there has been little progress in talks between the two sides. Oman and Iran are jointly consulting on a new maritime security governance framework, and market reports say the two countries intend to introduce a ship transit fee mechanism. The U.S. government has always taken a tough stance against setting up any transit tolls in the Strait of Hormuz. The “Trump” administration had previously issued hard-hitting remarks: if Oman helps Iran build a fee system, the U.S. will take aggressive sanctions. And this morning, the Israeli Air Force carried out an airstrike on a residential apartment near the Tal al-Hawa Jordanian Hospital in the southwestern part of Gaza City. A ceasefire agreement can’t really restrain Israel at all—so does someone behind the scenes have to be instigating it? Yesterday I laid out a short-selling idea, aiming to catch a bigger move; even with a stop-loss in place, I still got swept!

From a technical perspective, the daily chart shows five consecutive positive candles. The coin price has risen to around the upper Bollinger Band, but the Bollinger Bands haven’t opened up significantly. The KDJ lines forming a golden cross with the fast line is clearly losing momentum. This morning’s close is a doji, so the price will most likely pull back for a bit. So for today, I’ll first open a short position near the high and catch that pullback!!