Enter into Fall with SNOWSnowflake Inc.NYSE:SNOWthecafetraderHello I am the Cafe Trader. Today we’re looking at Snowflake (SNOW). Price has broken into the Top of Demand, pushing back buyers while bears are making a case for this to go lower. From a shorter term perspective, bears are in control of this one, making the Red scenario the most likely to happen in my book. But if you are strongly convicted in SNOW, I have give you two trades, and some long term ideas to get some exposure on SNOW. Green Scenario If buyers defend the Top of Demand here, we can see a quick move higher back into Strong Supply. This would be the aggressive play, taking the immediate bounce. 2RR Setup Entry: 192 (Top of Demand) Stop: 177.5 (below Bottom of Demand) TP: 223 (Strong Supply) Notes: Top of Demand needs to hold, Personally you could even tighten the stop as this is a bit loose. Red Scenario If buyers fail at the Top of Demand, we’ll likely see price flush into the Strong Demand zone . That’s where I’d expect More conentrated buyers to step in. Entry: 156 (Strong Demand) Stop: 148.8 (below Strong Demand) TP: 192–194 (Top of Demand flip) Notes: This is the more conservative path, but also the higher conviction zone for a rebound. Long Term If you were looking to get some good pricing with SNOW, these should match your conviction. Aggressive: 192–194 (Top of Demand) Value: 156 (Strong Demand) Extreme Value: 112–115 (Extreme Demand) This is a layered setup. If aggressive buyers show up now, great — but if not, let the market come to you at the better value zones. Either way, SNOW offers multiple opportunities depending on your conviction and patience. Happy Trading, @thecafetrader