$XPT Based on the 4-hour chart for XPT/USDT, here is a technical analysis and a high-probability trade setup.
Market Sentiment: Bullish (Recovery Phase)
The chart is currently Bullish. After a significant period of consolidation and a deep sweep of the lows at 1,837.26, the price has established a structural shift. It has flipped the SuperTrend indicator to green and is currently maintaining a series of higher lows.
Trade Setup
Direction: Long
Entry Price: 2,150.00 – 2,164.40 (Current market price or a slight retest of the immediate support level).
Stoploss: 2,080.00 (Placed below the recent swing low and the green SuperTrend support line).
Target(s):
TP 1: 2,240.00 (Recent local resistance/peak).
TP 2: 2,368.00 (Major supply zone and previous high).
Reason for the Trade
Trend Reversal (SMC): The aggressive rejection at 1,837.26 followed by a break of the previous bearish structure (Lower Highs) indicates a change in trend. The price is now in a "markup" phase.
Bullish Consolidation: The price is currently consolidating just above the breakout point. This often serves as a "launchpad" for the next leg up toward the 2,368.00 resistance area.
Support/Demand: There is a clear demand zone between 2,080.00 and 2,130.00 where buyers stepped in aggressively, creating a solid floor for this move.