FUFU a crypto junior miner near penny LONG Long

BitFuFu Inc.NASDAQ

Description

⋅ Mar 11, 2024 6:25 AM

FUFU went public visa a SAPC ; It is a crypotminer from Singapore. Market cap is SEED_TVCODER77_ETHBTCDATA:1B and the

price to sales is 4. On the 30 minute chart with a set of anchored VWAP lines and a predictive

algo based on Gaussian regression lines by LuxAlgo., price is seen first in a VWAP breakout

into above the third upper VWAP lines peaking on Match 6 and then a gradual full retracement

over the 4 days that follow. It is now under that lowe third VWAP line.The range percentage was

about 100%. I now see this as a long trade with 100% upside to the Fibonacci level of the

downtrend.

Trade active

⋅ Mar 22, 2024 3:27 AM

FUFU finally moved enough to allow moving the stop loss up so the trade is now risk free.

Comment

⋅ Mar 22, 2024 3:31 AM

10% stop loss vanished stop is now 10% below 20% higher price