The only bearish case for $SNAP is if it gets below the 48 mark, other than that looking to fill the gap to at least $75. Bearish traders are looking to see the stock fall back below the $48 level and be able to hold below it. If this level can hold as an area of resistance, the stock could see a strong bearish push in time.
Levels to watch
R1:$58
R2:$62
R3:$70
S1:$48
CLOSE <$48 = TANK