0.809 hit my stop loss. I'm half position down 72%, a single trade loss of $110k. This coin crashed from 2.88 to 0.4 and bounced to 0.8. M is now in hell mode.

Let me clarify my position: yesterday I bought the dip at 0.405 and topped up to half position, average cost 0.75. Just now I got stopped out at 0.809, now flat waiting for opportunities. This operation was posted in real time in the group, no hindsight.
Today the key for M is whether the 24h low of 0.405 can hold. If tonight it can hold above 0.85 with volume and break through 0.92, I will enter with 1/4 of my position, stop loss at 0.78, target 1.15-1.3, because the 24h trading volume of 117M indicates massive turnover, and this level may form bottom accumulation. But if it breaks below 0.405 again, M is completely done. A coin that dropped 71% in 24h doesn't have a double bottom; it's a direct go-to-zero trend. I will completely abandon this coin.
Another scenario: if before 7 AM tomorrow it doesn't break 0.5 and rebounds above 0.75, it means whales are accumulating. I'll take a light test position of 1/6 of my reserve, stop loss at 0.49, target 0.88. But I must wait for three consecutive 30-minute bullish candles before acting. Don't be greedy.
Core warning: This coin dropped from 2.88 to 0.4 in 24h, extreme volatility. If 0.405 is lost, there's a basement under the floor. My position strategy is max 1/4 per trade, absolutely no leverage, stop loss set 20% wider than usual due to high slippage.
Now flat watching the trend, preparing to place a watch order at 0.52. I'll update results in the comments section.