! Bouncers, Bottom Pinchers, and Knife-Catchers Anonymous !

[SynthTrader]

Generally, it's a place where many traders have a psychological stop-loss set.

"If this goes below $1, I'm getting out!"

So, the shorts or MM's usually see that as a way to cover, using the volume triggered by all the stop losses at those psychological breaks.

She is getting support at different levels though, so it isn't going down as easily as that initial drop.