$IO has recently rebounded from lower price levels and is now moving back toward the upper boundary of its recent trading range. The formation of higher lows suggests improving short-term structure, while buyer participation appears to be increasing near support areas. Such recovery moves are typically analyzed to determine whether momentum is sustainable or simply corrective in nature. Traders often focus on how price behaves around prior range highs and whether support continues to hold during pullbacks. Confirmation through structure, volume, and follow-through is essential. A disciplined approach emphasizes patience, risk control, and objective analysis rather than anticipation or emotion.

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