@DayTraderParadise @stockfella Thank you for the question - when speculative traders (ones with steady hands) get into a trade at a perceived level of support and that support fails, they are left in a position with a choice - sell to cover, or wait for the rotation until they can get out at breakeven...the place they are looking for from a mental pain perspective. This creates a selling event at the area they hoped would be support - and that support becomes resistance until it isn't =)
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