3rd Day in the trade, trusting AI to manage the risk

🔎 Chart Structure & Key Zones

Trend Context: The chart shows a recent breakdown from an uptrend. Price rejected near ~$145–148 (supply zone), confirming resistance.

Current Price: ~$122, trading under key moving averages and inside a corrective structure.

Volume Profile: Distribution spikes near the recent highs suggest heavy selling pressure → distribution phase.

Fibonacci Levels:

123.6% extension near $125.5 already tested/rejected.

161.8% extension around $119.5 aligns with support demand zone.

2.0+ extensions target $103–106 (major equilibrium zone).

🟦 Demand / Support Zones

$119–116 → short-term demand, potential bounce area.

$106–104 → equilibrium zone, key higher-timeframe support.

$87–78 → deep retracement zone, only if market collapses.

🟥 Supply / Resistance Zones

$132–136 → immediate supply. Price must break and hold above this to shift bullish.

$144–148 → strong macro supply zone; multiple rejections here.

$152–156+ → premium liquidity, likely next major target if breakout succeeds.

📈 Trade Scenarios

Bullish Case (high-risk reversal play)

Watch for bounce at $119–116 with strong volume confirmation.

Break above $132 → opens path to $144–148 retest.

Long-term upside possible to $160+ if reclaim and hold above supply.

Bearish Case (continuation)

Failure to hold $119 → quick flush into $111 → $106 zone.

If $103 breaks, expect acceleration toward $87–78 (FIB 3.618–4.236 extensions).

⚖️ Risk Management

If long → place stops under $116.

If short → place stops above $132 (or scale risk if above $136).

✅ Summary:

VRT is currently in corrective mode, leaning bearish short-term.

$119–116 is the first battleground for bulls. If lost, deeper retrace into $106–104 equilibrium is highly probable.

Long-term bullish case resumes only if price reclaims and holds above $132–136 supply zone.