As a seasoned multimillionaire trader, I’ve navigated countless market cycles, and few trades have been as straightforward and profitable as Snapchat. Historically,
SNAP has offered clean technical setups and predictable momentum, making it one of the easiest gains in my portfolio.
Currently, I see a compelling opportunity unfolding:
Initial Target: $9.25 – This represents a gap-fill level that I consider virtually guaranteed based on historical price action and volume profile.
Breakout Potential: $11.00 – Once
SNAP clears the $9.25 threshold, I expect a rapid move toward $11, driven by momentum and short-covering.
Major Resistance: $13.00 – This is where I anticipate the next significant pause or consolidation.
1) Cup and Handle
2) Doulbe Bottom
Given the current setup, this is an ideal time to initiate a long position. The risk/reward ratio is highly favorable, and the technical indicators support a bullish continuation.
And yes, I’m sharing this publicly — not because I expect anyone to listen (let’s be honest, most won’t), but because I like receipts. When
SNAP hits these levels, I want the record to show: I called it first.
Strong buy recommendation. But hey, ignore it if you want — I’ll be too busy counting gains.
Currently, I see a compelling opportunity unfolding:
Initial Target: $9.25 – This represents a gap-fill level that I consider virtually guaranteed based on historical price action and volume profile.
Breakout Potential: $11.00 – Once
Major Resistance: $13.00 – This is where I anticipate the next significant pause or consolidation.
1) Cup and Handle
2) Doulbe Bottom
Given the current setup, this is an ideal time to initiate a long position. The risk/reward ratio is highly favorable, and the technical indicators support a bullish continuation.
And yes, I’m sharing this publicly — not because I expect anyone to listen (let’s be honest, most won’t), but because I like receipts. When
Strong buy recommendation. But hey, ignore it if you want — I’ll be too busy counting gains.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.