First reason: An analysis of options trading results from the previous trading session revealed abnormal trading volume at strike 110, significantly higher than the average #MHK option trading volume( more than 1000% of average)
Second: The analysis of the graphs indicates that there is a significant amount of buying activity at the price level (indicated on the chart). This will likely lead to a resurgence of buying activity when we approach that level again, thereby generating the necessary liquidity to initiate counter positions on the side of the SMART MONEY.