Support is located at $1.2 so it is very likely that it will at least get there before bouncing or continuing to fall.
Make your own assessments:
- if by going down to there you would suffer too great a loss or risk liquidation, perhaps it is time to sell because miraculous rises are unlikely to happen before touching the support.
- if you want to buy instead, you'd better wait until it hits that point and see if a rebound occurs, it doesn't make much sense to buy now
