A significant event has occurred in the Worldcoin ($WLD ) market: a long position worth $6,761.10 was liquidated at a price of $1.86154.
This means that a trader's bet on the price increasing was forcefully closed due to unfavorable market movements.
Support and Resistance Levels:
Support: Approximately $1.85, which is today's low.
Resistance: Around $1.94, today's high.
Suggested Action:
Given the recent liquidation and current price levels, it may be prudent to observe the market for a while before making any decisions.
If the price approaches the support level of $1.85 and holds steady, it could be an opportunity to consider buying.
Conversely, if the price nears the resistance level of $1.94 and struggles to break through, selling might be advisable.
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