Snowflake's 52wk low is $184.71. I would set the stop at 184.5. If there is a bounce before it reaches a new low, it could be an inverse head and shoulders and heading much higher. It is tough though as any company that is not cash flow positive is being beaten down with expectations their expenses will increase and margins will decrease which is why it is continuing lower. The risk/return is good here and is worth of watching further. Below $184.5 and there is no bottom resistance to hold it higher. If you are long, you really do not want to see it go lower than that level.