Stop what you’re doing. It’s time to snap out of your funk.
Yes, the world is scary right now.
The market is under a lot of stress.
Look at the S&P 500 ETF Trust (NYSE: SPY) as it rolls over:
But don’t hide in your house with the blinds shut…
God gave you a backbone. Now’s the time to use it.
Scared money doesn’t make money. If a little uncertainty keeps you out of the market, you’ll miss the best setups of the year.
Every morning, the data shows me that somewhere in this mess, stocks are ripping higher.
Both despite the chaos and because of it.
In some ways, these setups are easier to trade than anything we’d find in a calm bull market.
When a stock pushes higher with a news catalyst while major indexes bleed, it shows obvious strength. We don’t have to guess about the source of the move.
If there weren’t a narrative for the spike, the price would tank with the rest of the market.
In bear markets, great setups are more obvious.
You don’t need a steady uptrend to make money. You need the right stock at the right time…
Here’s what I’m watching right now:
The Setup
The stock is TeraWulf Inc. (NASDAQ: WULF).
If you know WULF, you probably know it as a Bitcoin miner.
But that framing is outdated (and the market hasn’t fully caught up yet)…
TeraWulf is aggressively repositioning itself as a large-scale AI and high-performance computing (HPC) infrastructure provider.
The company is leveraging its existing power infrastructure, built for energy-intensive Bitcoin mining, and redirecting it toward high-density data center capacity that AI companies desperately need right now.
It’s already secured long-term AI and HPC infrastructure agreements with more than $12.8 billion in contracted revenue.
That’s a structural shift in the company’s business model. A move away from Bitcoin price volatility and toward contracted AI revenue streams.
What the Chart Says
I alerted everyone to buy Calls on WULF the morning of March 24.
By March 25, the stock had already spiked to new highs for the month.
Here’s a daily chart:
Here’s my alert on the intraday chart:
Notice anything on this chart? WULF hasn’t broken past the 52-week highs yet…
It’s logging higher lows as the stock consolidates just under that resistance level.
That shows the price is unwilling to break down. It’s building a base and coiling more tightly, ready to surge higher.
The consolidation, combined with an AI infrastructure catalyst, is exactly what a major breakout looks like before it happens.
Most traders will see this move after it pushes to new highs.
You’re still early…
The market still hasn’t priced in WULF’s new strategy. It’s still trading with a Bitcoin miner’s sentiment while building an AI infrastructure business with $12.8 billion in contracted revenue on the books.
That’s a disconnect. And disconnects like this don’t last.
Managing the Trade
Every trade needs a thesis and a line in the sand.
The thesis here is straightforward: WULF breaks to new 52-week highs on the back of its AI pivot, with the chart pattern and macro tailwinds working in the same direction.
If the breakout fails and prices roll below the consolidation range, that’s when we reassess.
I like this play as a long-biased strategy because I don’t have to chase it. The stock has shown strength, but the bigger move hasn’t happened yet.
This is our window of opportunity.
Stay Street Smart,
Jeff Zananiri
*Past performance does not indicate future results, Not typical.
