Hard rejection at the 200 Day MA as expected and we can see that the 50 Day MA is moving down and about to cross through the 200 Day very shortly, adding a further decline to $SNAPs trend.
$SNAP will need to find support soon and I have set Wave 5 at $8 but this will have no problem going as low as the blue line which was the October '22 low.
I continue to struggle and see where $SNAP has a place in this crowded social media world.