Just a bear trap, a big capper and plenty of selling pressure is enough to drive a price down 30-40% from its peak to a price range that is used for accumulation.
Notice some huge buy ins that kept happening over the last 7-8 trading days where there was no volume to find that one guy would wipe multiple lines this occurred nearly every day and I don’t doubt one guy picked up 60-70k shares at an average price of $3.60
I expect some shares to flush out under $4.25 and once the price has shown strength and there’s no sellers he will lift it or just let it sell because ultimately the same person probably got 25k shares down at $3.40 and will take some profit
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