DDOG Down 33% – Is This the Bottom?
$Datadog(DDOG)$ has been in free fall for the past two months, dropping 33% and now approaching a critical support level. We’re sitting inside the Smart Money Zone ($115-$110), plus a major Point of Control—historically, a key area for reversals.
🔍 Volume Profile Insight
Instead of just showing how many shares traded each day, the volume bars to the right show where buyers and sellers actually stepped in. $115-$110 has been a major battleground.
📉 Oversold… But No Buyers Yet?
On the weekly chart, we still haven’t seen signs of institutional buying. But on the daily, BX Trender has closed with higher lows for four straight sessions, signaling a potential short-term bounce.
💡 Key Levels to Watch
If price bounces, expect resistance between $125-$130
If price breaks down, we likely head to $100
The true bottom won’t be confirmed until the weekly BX flips from dark red to light red, like it did before the last breakout in September
⚠️ Patience is key—this setup may take until July/August to fully play out. But if the weekly BX confirms a higher low, this could be a massive opportunity. 👀
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