SNAP is forming a long term base

9 lis 2023

SNAP is unfolding mutiple "inverse head & shoulder" formation, this is goin to be veyr choppy and complex near term action; regardsless it is determin to travel higher to close the gap at $12.35 which intersect with an up trend line resistance and over head trend channel resistance; the near ter bullish momnetum fuel by positive daily MACD and rising momentum; awaiting 100 days SMA & 200 days EMA bullish crossover "GOLDEN cross" which is not likely to happen for another several weeks depending on how it peform towards $12.35 target. Given such pattern, personally i will mobilized 20% of my intended capital to go long at at the market for test of $12.35, two consecutive weekly close above latter to futher deploy additional 20% of my capital,keeping balance 60% for potential pullback towards $7.30, in case i am wrong and it launches towards $21.66 i have 40% dont need to #fomo, worst case scenario after i bought i started to tank i still have 60% to buy more: so either direction i am happy; up is great, down is good!