Snap Inc.Short
Bull Trap in SNAP
Why do I believe this could be a Bull Trap?
If you look at the previous times SNAP reached this level (upper border of the wedge), always got rejected and could not close above the upper border of the wedge!
In the past 5 days price climbing up but the volume dropping!
Makes it a good case for short!
The only problem is Max Pain:
58-59 for this and next week!
If you look at the previous times SNAP reached this level (upper border of the wedge), always got rejected and could not close above the upper border of the wedge!
In the past 5 days price climbing up but the volume dropping!
Makes it a good case for short!
The only problem is Max Pain:
58-59 for this and next week!
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