Snap Inc. (SNAP) has been bearish almost the moment it went public. The daily chart shows the bearish trend during 2017. Price did find support around 12 pushed above above a common resistance at 14. This opened up a bullish correction, but it is possible that the overall trend is still bearish.

SNAP Daily Chart

(click to enlarge)

Reasons to Sell:
1) Prevailing trend is bearish and there is no sign this has ended, although the break above 14.00 was a bullish sign. This bullish sign is for the short-term, The bearish outlook for the year would still intact despite this short-term bullish scenario. 
2) SNAP is testing a falling resistance. 
3) The RSI is around 60, and should hold under 60 if the market is indeed bearish.

- Now, let's say price retreats. This would open up the bearish continuation scenario.
- BUT if we start to see price hold above the 13-14 area, then we can start talking above a price botto