Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 NYSE:SNAP has been confined within a range for nearly a year, indicating a significant accumulation phase.
📈 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.
🏹 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.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich