$WLD /USDT 4H frame:
1. Important support: The price zone of 1,937 acts as strong support, as the price has bounced up from here.
2. Nearest resistance: The area of 2.65 is acting as resistance when the price has reacted in this area.
3. Current trend: The price is recovering but still below the resistance zone. If it cannot break through this area, the price may return to test support at lower levels.
Trading scenario:
• If the price breaks and closes a candle above 2.65, it is likely to rise to higher levels.
• If not, the price may adjust to the support area of 2.34 - 1.93.