XCN has already touched the 100% extension level during the correction. However, from a larger timeframe perspective, only a three-wave upward movement can currently be confirmed, so the bullish case remains quite bold. The first resistance zone is between $0.00851 and $0.00980. Whether this price level can be effectively broken through will determine if the upward extension can continue. In the short term, we need to pay attention to whether trading volume can support the price increase—divergence between volume and price often turns rebounds into shorting opportunities. If we want to wait for a stronger confirmation signal, we need to see a clear breakout of structure on the daily chart. In summary, it’s still too early to conclude a buy at this point.