Technical analysis by Adix_coin about Symbol DOT: Buy recommendation (1/5/2025)

Based on the attached chart for DOT/USDT (4-hour timeframe), here is a short-term analysis for buying and taking profit: **Buy Zones:** - Current Price: 7.630 The price is approaching local support around 7.500–7.600. This could be a good time to enter a position if the price holds in this zone. - Stronger Support: 7.000–7.100 (a strong zone marked on the chart with a blue line) In case of a correction, an opportunity to add to the position in this area. **Targets (Take Profit):** - **Short-term (local resistances):** - TP1: 7.900–8.000 (local resistance on the chart) - TP2: 8.300–8.500 (weaker resistance) - **Medium-term (stronger resistances):** - TP3: 9.000–9.300 — a significant barrier where previous supply levels could have hindered upward movements. **Strategy:** - **Purchase:** Consider buying in tranches, starting around 7.600, with additional purchases at the stronger support level (7.000–7.100). - **Stop Loss:** Set below 7.000 (e.g., at 6.950) to limit risk in the event of a downside breakout. **Profit Realization:** - Take partial profits at TP1 (7.900–8.000), and additional tranches at higher resistance levels. **Notes:** - The MACD on the chart indicates the beginning of a potential momentum shift towards bullish, which may support short-term upward movements. - Monitor price reactions at the resistance zone (8.000). A breakout above this level could suggest further gains. Cryptocurrency trading involves significant risks, but proper capital management, education, and a conscious approach can help minimize potential losses. It is essential to always have a plan, avoid excessive risk, and never invest more than you can afford to lose.