Technical analysis by DOCTOR_PIPS05 about Symbol DOT: Sell recommendation (11/3/2025)

Overall Structure The chart shows a descending channel — price is respecting both upper and lower trendline boundaries. The current price is around $2.79, near the midrange of the channel. 🟣 Key Zone (Resistance) The pink/red zone between $3.20–$3.30 is a major supply/resistance area. Price has reacted there multiple times before dropping. The arrows suggest that you expect another rejection from that zone. 🔻 Bearish Scenario (Your Projection) The projected move shows: 1. A pullback toward $3.00–$3.20, likely into resistance. 2. Then a reversal downward following the channel trend. 3. First target: $2.63–$2.64 zone (local support area). 4. Extended target: $2.37–$2.37 zone, near the lower boundary of the channel. 📊 Market Context As long as price stays below $3.00–$3.20, momentum favors the downside. Breaking above $3.30 with strong volume could invalidate the bearish setup and open room for $3.50+. ⚙️ Summary LevelTypeExpectation $3.20–$3.30Resistance / SupplyPotential rejection zone $2.63–$2.64Support 1First bearish target $2.37Support 2Final bearish target Above $3.30BreakoutTrend reversal possibleGood analysis seems guys my 1st target completed and further market reached near to my final target.