The analyst discusses the current state of the XPLUSDT market, noting a decrease in volume. Despite a morning rally, the analyst did not buy, anticipating a potential dump. The price is approaching a critical support level at 0.85, which has been a bullish line in the sand. A break below this level could lead to a further drop. The analyst is not certain about buying at 0.70, however, there is possible scalping and trading at that area. There's a potential for the price to spike upwards to create a bull trap before a bearish breakdown below 0.85, targeting the 0.75 psychological support and 0.70 level which has a substantial launch volume.