Technical analysis by YokubjonUmedovich about Symbol DOT: Buy recommendation (1/3/2025)

DOTUSDT DOTUSDT DOTUSDT.P DOT ---### **1. Fibonacci Retracement Analysis**- **Levels Observed**: - **0% (High)**: **55.081** (all-time high or recent significant high). - **0.236**: **42.594**. - **0.5**: **28.625** (midpoint of retracement). - **0.618**: **22.381**. - **0.65**: **20.688** (golden pocket). - **0.786**: **13.491**. - **1.0 (Low)**: **2.168** (all-time low or recent significant low).---### **2. Current Price**- The price is currently around **7.790**, significantly lower than the golden pocket (0.618–0.65) and closer to the lower Fibonacci levels.---### **3. Take-Profit Level at $20**- **Why $20?** - **Golden Pocket Zone**: The **0.618–0.65 Fibonacci zone** is considered a high-probability reversal area. Many traders set their take-profit just below this zone to ensure profit capture before significant resistance is encountered. - **Psychological Level**: The $20 price point serves as a psychological resistance, where many traders might exit, amplifying sell pressure. - **Confluence with Historical Data**: Previous price action near this level likely showed significant resistance/support, aligning with Fibonacci levels.---### **4. Resistance and Support Zones**- **Major Resistance Levels**: - **22.381–20.688**: The golden pocket and primary target zone. - **28.625**: Midpoint retracement, another key resistance level.- **Support Levels**: - **13.491**: **0.786 Fibonacci level**, which may act as a strong base for further upward momentum. - **2.168**: All-time low or significant recent low.---### **5. Potential Price Scenarios**- **Bullish Case**: - If the price breaks through **13.491**, it could rally toward the golden pocket zone near **20.688–22.381**. - A breakout beyond **22.381** could extend the rally toward **28.625** or even higher.- **Bearish Case**: - If the price fails to hold **13.491**, it may revisit lower levels, potentially near the all-time low of **2.168**.---### **6. Strategy and Recommendations**- **Entry Point**: - Current prices near **7.790** are ideal if the upward trend continues.- **Take-Profit**: - The take-profit at **$20** is conservative and aligns with the golden pocket zone.- **Stop-Loss**: - Set below **13.491** to minimize losses if the trend reverses.---### **7. Market Psychology**- Many traders use Fibonacci retracement levels to define take-profits. The golden pocket is a popular area where selling pressure increases, causing potential reversals.