The spread can't be that short. At least 20 to 25%. This way you'll always get out before you see the market move your way.

$PENGU Anyone who has ever lost almost 50% in just one or two days knows the importance of a stop. I bought at 0.031 and set my stop at 0.029. I considered and still consider that I made a good purchase, perhaps I should have waited a little longer. It is ironic to think that when I hit my stop, many will be taking advantage to buy more.
In times of losses like this, I remember the phrase I once heard from a holder: “Day trading is winning by the spoonful and losing by the bucketful”. It makes sense, but that said, we need to minimize losses and accept the defeat of the day, preserve our mental health, to fight again at the appropriate time.