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$SNAP Attempting a Bullish Breakout

Written By: ChartChamp

February 29, 2024

I bought SNAP after a massive selloff and I’m comfortable holding until higher price levels. The price action has been pretty boring with a lot of sideways movement with local lows around $10.50, and this yellow resistance line acting as resistance. SNAP is attempting to form a bullish breakout here, there is still resistance at $11 though and it could turn into a rejection. I also see the threat of SNAP dropping to $8-9 price levels if the market has a steep correction so I prefer to exit on the next upswing and buying back lower. I’m still flexible for now.

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