hh investor update refresher, page-13

I think few people set their stop-loss at around $1.
Otherwise, the $1 would have been taken down this morning.

The bot was waiting for some parties in the know to hit the $1 support for possible triggering stop-loss orders. But none did that. That could indicate that the cost of hitting the $1 support is higher than the benefit that they will get from triggering stop-loss orders around $1.

I have come across such stituations many times. If there are many stop-loss orders that could be triggered at a specific price level, that price would quickly be hit and the price reserve quickly back to above that price level.
People should remember that brokers can profit from their customers' order information.

Invest what you can affort to lose. Never borrow money to buy shares. Stop-loss does work well when the price collapses.