Mind you, technical analysis is a self-fulfilling prophecy. People tend to buy into “lines of resistance” and “lines of support”, and then they place orders aro

Mind you, technical analysis is a self-fulfilling prophecy. People tend to buy into “lines of resistance” and “lines of support”, and then they place orders around those milestone / psychological prices. You can literally see it on the order book. (Not to mention conditional orders) I wonder if the effect is magnified in assets with higher retail market share (e.g. meme stocks and crypto)