🚀 $XPT is showing a potential technical setup!

The weekly chart shows a consolidation phase following a test of lower levels, respecting key Fibonacci retracement levels.

📈 The Technical Setup:
• The Pattern: Fibonacci Retracement Bounce / Potential Reversal Setup
• Short-term Target: 1,915.06
• Macro Objective: 2,197.67
• Market Structure: consolidation

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 1,612.59 - 1,733.36
• Resistance: 1,915.06 - 2,200.80
• Breakout Level: 1,915.06
• Stop Loss / Invalidation: 1,612.59

📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Consolidating near 1,781.04 after a bounce
• Trend: Range consolidation following a macro correction

⚠️ Invalidation:
A decisive weekly close below the 1,612.59 support level invalidates the setup.

Monitor key Fibonacci levels for confirmation of the next directional move.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

#XPT #crypto #BinanceSquare #Binance #TechnicalAnalysis