The price of DDOG appears poised for a dip slightly below the upward trendline and Fibonacci support zone (126-116) before finding strong support. This could act as a liquidity grab, shaking out weaker positions before an explosive move higher. Compression on the weekly timeframe would be an ideal signal, with tight price action and decreasing volatility indicating accumulation. A bullish reversal confirmation, such as a strong engulfing candle, pin bar, or a breakout above short-term resistance, would provide a high-probability entry. Monitoring RSI for a hold above oversold levels and a curl upward, along with volume expansion on the breakout, will add further conviction to the trade.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve risk, and independent research or consultation with a professional is recommended before making any financial decisions.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve risk, and independent research or consultation with a professional is recommended before making any financial decisions.
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Discord: discord.gg/GCgawNmZ3A
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.