medium · Volume Price Analysis support-resistance

What is the institutional logic behind this manufactured move?

1. To restock their warehouses with cheap inventory bought at wholesale prices.
2. To trigger buy-stop orders and lure breakout buyers into weak positions before reversing.
3. To test for any remaining sellers still lingering in the market before the markup continues onward.
4. To confirm that demand is decisively stronger than supply at the resistance ceiling.

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