A brutal 22% loss and still dumping? $BTW At this position 0.0579, I have to act.

Position: -8.3% average cost 0.0632, just added a position to recover some cost.
Full plan: Current price 0.0579, add 1/10 position directly, total position 3/10. Stop loss at 0.0540, if broken, admit defeat. Take profit in two levels: sell half at 0.0650, clear all at 0.0720.
Two scenarios expected: 1. If 0.0570 holds and rebounds with volume, this is the short-term bottom, see you at 0.0650. 2. If it breaks below the previous low of 0.0563, the next support is around 0.0520, and my stop loss will be triggered.
This coin has a 24h trading volume of 42 million, liquidity is okay, but the decline is too sharp, don't bet heavy. My style is to buy the dip but not hold losing positions, admit mistakes.
Update results in the comments section.