$WLD is approaching an important area on the 1-hour chart 👀
The price is currently near 0.582$, and it is returning to test the resistance/supply zone between 0.57$ and 0.59$.
This is an important area because price has interacted with it previously, so I’m watching the market’s reaction instead of chasing the move.
If #WLD faces rejection from this zone, we may see a potential pullback toward 0.54$, where price could look for support before attempting to move again.
Watch for confirmation and price action before entering ⚠️
The price is currently near 0.582$, and it is returning to test the resistance/supply zone between 0.57$ and 0.59$.
This is an important area because price has interacted with it previously, so I’m watching the market’s reaction instead of chasing the move.
If #WLD faces rejection from this zone, we may see a potential pullback toward 0.54$, where price could look for support before attempting to move again.
Watch for confirmation and price action before entering ⚠️
