DOT 
2025-01-06
Category: None

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.