DOT
Based on the attached chart for DOT/USDT (4-hour interval), I present a short-term analysis for buy and take profit:
Buy Zones:
Current price: 7,630
The price is near local support around 7,500–7,600. It is possible that this is a good time to enter a position while maintaining this zone.
Stronger support: 7,000–7,100 (strong zone marked on the chart with a blue line)
In the event of a correction, it is possible to buy in this zone.
Goals (Take Profit):
Short term (local resistance):
TP1: 7,900–8,000 (local resistance on the chart)TP2: 8,300–8,500 (weaker resistance)
Medium term (stronger resistance):
TP3: 9,000–9,300 – a significant barrier where previous supply levels could have been holding back gains.
Strategy:
Buy: Consider buying in tranches, starting around 7,600, with additional buys at stronger support (7,000–7,100).Stop Loss: Set below 7,000 (e.g. at 6,950) to limit risk in the event of a breakout to the downside.Taking Profit: Take part of the position at TP1 (7,900–8,000) and then take the next tranches at higher resistance levels. Notes:
The MACD on the chart indicates the beginning of a potential change in momentum to the upside, which could support growth in the short term. Watch for price reaction in the resistance zone (8,000). A breakout of this level could suggest further growth.