i was going to close my long SNAP - but on a second look, we're at the critical level from all the way back to the 2017 IPO times .. marked with the red dotted line @ $23.3 ' ish
the chart shows some anxious sellers (non-believers 😊 ?) who preferred to bail as soon as SNAP hit the > $24 levels - but then we saw no follow thru - so in my view, there's a good chance the demand / bulls takes over - and we should get the result of that really soon.
i may be wrong - but if that happens and the longs manage to push above the safety level $24.10, SNAP may be on to a nice breakout and new highs.
will hold the position for now.
the chart shows some anxious sellers (non-believers 😊 ?) who preferred to bail as soon as SNAP hit the > $24 levels - but then we saw no follow thru - so in my view, there's a good chance the demand / bulls takes over - and we should get the result of that really soon.
i may be wrong - but if that happens and the longs manage to push above the safety level $24.10, SNAP may be on to a nice breakout and new highs.
will hold the position for now.
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