Long
FUFU USD - PUMP IT UP
BTC had a massive run up to 65k. Limited long positions have been liquidated on its way up. Profits are being taken and money starts moving to "bigcap" Alt coins. At some point, profits from these "bigcap" Alt coins will start flowing into "lowcap" Alt coins. The winners curse pushes money outside their comfort zone into projects with crazy MEME names. The potential upside is out of this world because of the "lowcap" and leverage effect from people's previous wins. I went looking for the best "lowcap" crazy MEME project to shoot to the moon and beyond and found FUFU.
VMC Cipher_B_divergences shows 2x bullish divergence on the daily timeframe. BUY signal
FUFU has been in a downward parallel channel for more than 2 months. Confirmation when breaking out to the upside (and retest).
General risk assessment:
- The rug pull risk of this project seems limited, to the extend that one can analyze the concentration of holdings by a single instance on etherscan.io.
- The project has an active and engaged team which cover all aspects you would want to see in a MEME coin project, support is shown through the open community on TG
- The coin is easily accessible via MEXC, Bitmart or Uniswap to retail traders.
- Prices below 0.00 ... are attractive because you feel like you can buy many for cheap.
+ The continuously reducing supply is an interesting MEME play, the AI buy/sell bot brings liquidity into the system.
VMC Cipher_B_divergences shows 2x bullish divergence on the daily timeframe. BUY signal
FUFU has been in a downward parallel channel for more than 2 months. Confirmation when breaking out to the upside (and retest).
General risk assessment:
- The rug pull risk of this project seems limited, to the extend that one can analyze the concentration of holdings by a single instance on etherscan.io.
- The project has an active and engaged team which cover all aspects you would want to see in a MEME coin project, support is shown through the open community on TG
- The coin is easily accessible via MEXC, Bitmart or Uniswap to retail traders.
- Prices below 0.00 ... are attractive because you feel like you can buy many for cheap.
+ The continuously reducing supply is an interesting MEME play, the AI buy/sell bot brings liquidity into the system.
Note
Yesterday we broke out to the upside of the parallel channel, now we're retesting that channel for confirmation. Look how that level confluences with the daily support level 0.000125 USD. When multiple trends coincide, the chances of holding (in this case to the upside) increase.
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.
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.