DOT — Key Levels Reclaimed, Breakout Ahead?

DOT has been in sideways chop for 222 days, but things are finally getting interesting. Price is now sitting above the yearly level ($4.309), the daily 233 EMA/SMA, and the weekly 21 EMA/SMA. Even better, it reclaimed the POC of the entire 222-day range.

Why $4 Is So Important

• Yearly level → $4.309
  
• Daily 233 EMA → $4.37 / Daily 233 SMA → $4.21
  
• Weekly 21 EMA → $4.15 / Weekly 21 SMA → $4.05
  
• POC of 222-day range → $4
  
• 0.618 Fib retracement (current move) → $4
  

That’s a whole lot of support stacked at one zone.

Where It Gets Exciting (Targets)

First major target is the monthly 21 EMA/SMA ($5.3–$5.5), which also lines up with the range highs. That’s the first real test. The swing target zone sits around $6–$6.5, with multiple layers of confluence:

• Key Level → ~$6
  
• Fair Value Trend Model Line → ~$6.5
  
• 0.382 Fib retracement of the downtrend → ~$6.19
  
• 0.618 Fib speed fan → ~$6.2 (October projection)
  
• 1.618 trend-based Fib extension → $6.308
  
• Market Cap Confluence: 10B market cap at $6.18
  
• Yearly Open: $6.642 → the overall target and an additional layer of resistance
  

📌 This creates a solid resistance cluster between $6–$6.6, ideal for taking profits and potentially looking for shorts.

🟢 Long Trade Idea

• Entry: Ladder longs from $4.36 down to $4
  
• Stop: Below $4 (clear invalidation)
  
• Take Profit: If $4 holds, DOT’s path is clear: first stop $5.3-$5.5, then $6.0–$6.6 as the macro target with the yearly open at $6.642 marking the final resistance.
  

Key Levels

• Support → $4.36–$4
  
• Resistance → $5.3–$5.5, then $6.2–$6.6 (10B market cap $6.18 + yearly open $6.642)
  

🔍 Indicators used

• LuxAlgo — Liquidity Sentiment Profile (Auto-Anchored)
  
• DriftLine — Pivot Open Zones [SiDec] → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points
  
• Multi Timeframe 8x MA Support Resistance Zones [SiDec] → to identify support and resistance zones such as the monthly 21 EMA/SMA.
  
• Fair Value Trend Model [SiDec] → Calculates a regression-based fair value curve
  

➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades.

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