Many people often treat active buying above 50% as a shield against price declines, but actual price movements during a surge in trading volume often tell the opposite story.
$WLD Spot trading volume quickly expanded to over $610,000, reaching 4.6 times its previous average, while the active buying ratio remained above 54%.
The relatively high level of active buying failed to prevent prices from moving lower. Spot trading closed at $0.3865, below the previous four-hour range’s lower bound of $0.3873.
Amid higher volume and turnover, prices have moved out of their established trading range, and buyers and sellers are establishing a new trading equilibrium at lower levels.
$WLD Spot trading volume quickly expanded to over $610,000, reaching 4.6 times its previous average, while the active buying ratio remained above 54%.
The relatively high level of active buying failed to prevent prices from moving lower. Spot trading closed at $0.3865, below the previous four-hour range’s lower bound of $0.3873.
Amid higher volume and turnover, prices have moved out of their established trading range, and buyers and sellers are establishing a new trading equilibrium at lower levels.