QTs squeeze?

Poker Stars, $0.05/$0.10 No Limit Hold'em Cash, 6 Players

BTN: $9.32 (93.2 bb) - 48/26, 0/1 fold to 3b
Hero (SB): $12.49 (124.9 bb)
BB: $10 (100 bb) - 24/12
UTG: $13.96 (139.6 bb)
MP: $7.05 (70.5 bb)
CO: $18.71 (187.1 bb) - 25/16, 1/2 fold to 3b. steal total 28%, 11% CO, 38% BU, 50% SB, 170 hands

Preflop: Hero is SB with T Q
2 folds, CO raises to $0.40, BTN calls $0.40, Hero ??

okay so is this a decent spot to squeeze as a bluff or am i burning money? is it better to just purely be squeezing in this spot with a strong range due to BU's fishiness? what would the bottom of your squeezing range be?