Multiple touches in the past, strong zone.
Price created some nice Price Action, it must be bouncing off the support.
We had a huge strong move up not too long ago.
This is accumulation within that strong move now is a good entry.
Lets enter and place our stops underneath that strong zone, surely price will fly!
All the banks and the big investors see is a nice zone full of stop losses, great liquidity for the taking. Why would the banks try and fill their massive orders at a worse price, when they can manipulate it downwards and gain a much much better entry.
Trade smarter not harder. Follow the big money in the markets. Wait until the liquidity (stops) have been cleared out, then enter!