VELO about to bounce?

That token has been in a solid decline of >99% WOW

We see:

1) Price has reached 1.618 extension where price could reserve
2) Broke the bottom of the trend channel
3) RSI double bottom
4) RSI Bullish divergency

Lookout:

Expecting this to at least do a bear rally up to midline (2.5x 0.236 confluence) or top of channel (10x, nice confluence 0.382)

Hold my beer pls

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No financial advice, do your own research, don't be stupid