TheSignalyst

SNAP - No Longer Ghosting ๐Ÿ‘ป

Long
BATS:SNAP   Snap Inc.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

๐Ÿ“ฆ SNAP has been confined within a range for nearly a year, indicating a significant accumulation phase.

๐Ÿ“ˆ For bullish momentum to prevail, a decisive break above the upper boundary at 14.0 is crucial.

In such a scenario, the Markup phase would initiate, propelling the price towards the 30.0 mark.

๐Ÿน Meanwhile, SNAP is expected to consolidate. As it nears the lower bound at 10.0 once again, we will be actively searching for new short-term buy setups.

๐Ÿ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

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