$SNOW: Don’t jump to conclusions about a reversal just yet.Snowflake, Inc.BATS:SNOWathletestommy799SNOW: Don’t jump to conclusions about a reversal just yet. Looking at the daily chart, SNOW has been in a classic bearish trend for quite some time, with both highs and lows steadily declining. The recent rapid rally from the lows looks more like a rebound driven by sentiment and oversold conditions than a complete shift to a bullish trend. Why do I say that? Because a true reversal isn’t simply about a deep decline followed by a bounce; it requires seeing— the price reclaiming key resistance levels, sustained increases in trading volume, and the ability to hold ground during subsequent pullbacks. Right now, SNOW seems to be telling the market: “I’m just catching my breath.” But it hasn’t yet proven: “I’m ready to take off again.” Moving forward, I’m focusing on just two things: Whether it can effectively hold the 145–150 range above; And whether the 138 level below will be breached by bears again. If it can’t hold the upper level, the rebound is likely just a chance for trapped investors to reduce their positions; If support is broken again, the weak structure may continue to unfold downward. Only when it reclaims key levels with significant volume will the term “trend reversal” be worth discussing. To sum it up in one sentence: The most dangerous thing for SNOW right now isn’t a decline—it’s the risk of people mistakenly believing it has already bottomed out.