Technical analysis by tradexict about Symbol DOT: Buy recommendation (3/22/2025)

Analysis: Combined Tools1. Chart Patterns (Technical Patterns)From late 2022 to early 2024, we can see a falling wedge forming — a bullish reversal pattern. It eventually broke out upward around late 2023.Post-breakout, price attempted to rally but failed to sustain above key levels (~$9-$10), showing weakness.2. Candlestick PatternsJanuary 2024: Strong bullish engulfing pattern (after prolonged downtrend) = signal for reversal.March 2025 (current): A red candle with small body after several red candles indicates potential base-building or a pause in the bearish move.3. CRT (Compression, Reversal, Trend)Compression between late 2022 to early 2023 (small candles, low volume).Reversal hinted late 2023 with breakout and volume spike.Trend is currently sideways/bearish — no strong follow-through.4. Support and ResistanceSupport Zones: $3.60–$4.00 (historical bounce zones).Resistance Zones: $6.80–$7.20 and $9.50–$10.00.5. Order BlocksBullish OB: Around $3.60–$4.00 (April 2023 candle).Bearish OB: Near $9.50–$10.00 (Feb 2024 supply zone).6. Fair Value Gaps (FVG)FVG (imbalance) seen between $6.80–$7.40 from Jan-Feb 2024. Price could revisit to fill this.7. Price ActionPrice is making lower highs and lower lows, showing bearish structure.However, there’s accumulation-like behavior between $3.50–$4.50.✅ Trade Setup Based on Above ToolsEntry: $4.10–$4.30 (near support, bullish OB).Stop-Loss: Below $3.50 (strong invalidation level).Take-Profit 1: $6.80 (gap fill / first resistance).Take-Profit 2: $9.60 (major supply zone).