Markets keep stabbing past obvious highs and lows before reversing, and that is bad news for traders who park stop losses at the most obvious spots but useful for anyone who learns to read where the big orders sit.

• Liquidity means being able to trade big size without moving the price, and it lives only in the order book, not on the chart.
• Big players need huge pools of waiting orders to fill their trades, so price gets pulled toward the three places where those pools form: old highs, old lows, and big round numbers.
• Stop losses clustered just past those levels are guaranteed orders, so price runs through them, the big money fills, the fuel is spent, and price snaps back, leaving the familiar wick.
• Support and resistance are just shelves of resting orders; a bounce means the orders absorbed the selling, a break means they got eaten and price slid through thin air until the next shelf.
• Thin order books, like crypto on weekends, overnight sessions, and holidays, make moves more violent, and weekend reversals often get undone by Monday.

Outlook: Stop hunts are structural, not personal, and traders who mark yesterday's high, yesterday's low, and the nearest round number before each trade, and avoid resting orders in those pools, will keep getting picked off less often.