XPL this wave of market activity is quite interesting. From mid-last month to the beginning of this month, it rose continuously, doubling in value, which got many people excited. But the subsequent correction was also fierce, dropping directly by 36%.

However, a turning point might be coming now. Looking at the 4-hour chart, a double bottom pattern has already formed at the bottom, and the second bottom has just been established, with signs of an upward rebound already appearing. From a technical perspective, this position does have some potential. Once the double bottom is effectively broken through, it often signals the start of a rebound trend. Setting up a long position at this point has a favorable win rate worth considering.