Spot $WLD quickly recovered after dipping below its four-hour trading range, moving back above $0.3265.
During the dip and recovery, trading volume rose to more than four times its previous average, while the proportion of aggressive buying approached 59%.
The high-volume rebound from below the range suggests concentrated aggressive buying at lower levels, quickly preventing the price from moving further below the range.
Such a dip and recovery first reverses the short-term breakdown. After the price returns to its previous range, it is more important to watch how consolidation unfolds than to blindly predict a reversal.
During the dip and recovery, trading volume rose to more than four times its previous average, while the proportion of aggressive buying approached 59%.
The high-volume rebound from below the range suggests concentrated aggressive buying at lower levels, quickly preventing the price from moving further below the range.
Such a dip and recovery first reverses the short-term breakdown. After the price returns to its previous range, it is more important to watch how consolidation unfolds than to blindly predict a reversal.