That is called the Bankers undercut. Slam it down under the...

That is called the Bankers undercut.

Slam it down under the psychological support zone.........scare the hell out of the retail holders (most won't be able to handle).....stop losses get triggered automatically....high chances those retail people will sell as fast as they can.......the bankers scoop it up all.......once the volume dries up( they'll know that looking at the order book).....run it up quickly.
The jump from .095 to .105 happened in one big buy order.
Maybe or maybe not......the bankers might one more time drive down below 10c to get the last of the retail people to sell if there was any left.......just to make sure.

The whole idea is to take retail people's money anyhow. Upside or Downside.
Upside they create euphoria. Get everyone to buy.
Downside they create fear. Get everyone to sell.
This happens time after time. While this happens very few understand what is happening...instead they get caught in that moment. I have been unlucky to see this a few times.