RE:We have a fake wall at $ 1.57 will quickly go to $ 1.60It's a market maker thing. They put some ask or bid somewhere and sees if the market participants show up or not. Their job is to "create" liquidity by filling gaps in the books by either "forcing" a move up or down. They obviously pull out if it goes against them which is why you see the phenomenon of walls pulling away when they get hit. That mixed with shorts scared away.
Anyways, yea I agree that this is a bargain at current prices, we should retest near 1.70s just on technicals and obviously, as usual, any good news could easily send it back above $2.