FUFU a crypto junior miner near penny LONG
Updated
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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