To a degree, maybe you're right. But if someone puts an order at x price to sell 14 million dent, it's going to take a lot of purchasing to break that wall.

I do see a lot of movement in these "walls" though. Not in this case, but in other cases, certainly. I think some whales like to give the impression there's resistance, for whatever reason, or they like to make it appear there is more action than there actually is. I see it a lot of betfair, too, where the market is really stagnant but there appears to be lots of action as prices change. It's whales using psychology to induce fish to panic sell or buy.