Velas (VLXUSDT) has been trading within a Channel Down on the 1H time-frame following the price rejection last Friday on the 1D MA100 (red trend-line). Even though the 1H RSI is oversold last time the indicator entered those levels, Velas dropped some more before eventually reversing (April 26 - 27).
As a result, it is best to trade this set up based on the...
