Yup, the stops have to be in your head.

The MM's can see your stops, and even if they didn't have that capability, they have a pretty good idea where the different stops are set.Today's daytrading stop would have been just below the opening 5 minute candle, so anywhere's between 1.39 to 1.35 is a pretty fair assessment where folks would exit the trade if things went sideways.

Notice how they hit that range hard, and now we're seeing a lot of volume subsequently. Ergo, stopped out on very few shares/low volume, buying low on appreciably bigger volume.

I don't know how hard they might hit yet when the stakes are this high, but instead of being gloomy about it, I would recommend looking for buying opportunities. If this is the beginning of the "real deal" we may not get many more sub $2 chances.

JMO not advice