FUFU went public visa a SAPC ; It is a crypotminer from Singapore. Market cap is 11B 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.
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
FUFU finally moved enough to allow moving the stop loss up so the trade is now risk free.Note
10% stop loss vanished stop is now 10% below 20% higher price
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.