UPDATE
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After reaching new lows we are currently finding some short term support. RSI is beginning to turn up and we could see price follow. I might scale into a small position here but I still think it is risky.
Personally, I still have further downside targets in mind. I am looking at the bottom of the Descending channel into the Fibonacci Support Cluster 2 as a possible entry point for a long position. This also coincides with the completion of the AB=CD harmonic pattern as mentioned by @jamesbrown or the end of a measured move.