when it gets close to 0.00017 sell it and and buy back at 0.00012
easy 40% profit

It might not go back to twelve, and even if it does, there's not much of a spread between there where it is now. If you've got any significant amount and the price is *exactly* at twelve, you'll have to push the price back to get back in.
On the other hand, if there's enough liquidity to get out at 16 and it goes back to 9 then you might get back in again by 12.