XPL's recent one-month trend has been quite interesting. Starting from the 19th of last month, the price has been on the rise, doubling in less than three weeks with a very aggressive increase. However, the good times didn't last long, and a continuous pullback followed, with a decline of 36%, swallowing some of the previous gains.

Looking at the 4-hour chart, the current price has formed a clear double bottom structure in the bottom area. The first bottom has been confirmed, and the second bottom has just been established. The key point is that the price is now showing obvious signs of upward movement. From a technical perspective, this position is indeed a good entry opportunity. A double bottom breakout usually indicates that the support at the bottom is solid, and the subsequent rebound space is relatively considerable.

For interested traders, now might be a good time to consider positioning. Risk control is still essential, and setting a stop-loss below the second bottom is a safer approach.