Saturday’s 3-2 defeat at Molineux means they have only won one of their last nine matches in the Premier League.
Nuno cut a dejected figure post-match, with his side now 14th in the table, but he says he is confident they will turn things around soon.
“Of course I do (have confidence in the team),” said Nuno.
“We don’t look at the table, we look at how we are doing things and we are not doing things well.
“So, we need to work to try and find better solutions and decisions. It’s not about the table.
“It’s a lot of things, things that we knew West Brom were going to try and we didn’t solve in the best way.
“We are aware of the situation, we are not in a good moment, but confidence and unity will never go away.”
Things have gone awry defensively for Wolves recently with the team having conceded 29 goals in 19 league outings. They are 12 without a clean sheet.
When asked what he puts that down to and whether he is considering going back to the three-at-the-back way of playing, Nuno said: “It’s all about the situation we are in. It’s a tough moment for us.
“Mistakes happen in football, now we are going to look at them and try to avoid them for the next one.
“What I put this down to is that it’s football. Mistakes, bad decisions and to require better solutions. This is what we are going to work on.
“We think that (a back four) is better for us when you consider the players that we have, we feel the formation suits us better, but it’s time to analyse and see the next steps forward.
“It’s the moment to analyse the squad and prepare the next one. The solution is here with us, we must find better solutions and better players.”
Nuno was particularly disappointed to see his side concede three goals from set-pieces with Albion netting two penalties and also scoring from a long throw.
“We knew that West Brom was trying to do these kinds of things; throw-ins, long-balls, set-pieces and we didn’t defend well,” he continued.
“Two penalties and one throw-in, that we knew would require better defending from us, and we didn’t do it.
“We allowed the goals, and we need to concentrate more and do better.
“It’s not only against West Brom, we have been struggling with that part of the game for some while now, and we need to work hard and try to improve.”
Nuno, in a noteworthy moment in the game, decided to substitute skipper Conor Coady.
It is the first time the captain has been taken off by the Portuguese.
On that decision, Nuno said: “Options. We had Romain (Saiss) and (Willy) Boly, and we decided to go with Rayan (Ait-Nouri) at left-back. Simple decision.”