$WLD is approaching the key zone on the 1H chart ๐
Right now, the price is approximately at $0.582, bouncing back into the resistance/supply zone around $0.57โ$0.59. This is an important area because previously the price reacted from here, so Iโm watching how the market responds rather than chasing the move.
If #WLD rejects in this zone, the chart suggests a possible pullback to the $0.54 zone, where the price may find support before making another move.
Right now, the price is approximately at $0.582, bouncing back into the resistance/supply zone around $0.57โ$0.59. This is an important area because previously the price reacted from here, so Iโm watching how the market responds rather than chasing the move.
If #WLD rejects in this zone, the chart suggests a possible pullback to the $0.54 zone, where the price may find support before making another move.