The price can go further down if we take a look at the chart.
The price has break below the red box twice, first with the false breakout and now finally break it possibly go to the next support area / buy area #1 at 6500.
The First scenario is when the price come to buy area #1, strategy is we will wait for the price to consolidate in the buy area and wait for trend reversal.
The second is when the price going down much further breaking the support (buy area 1#) then we will wait until the price comes to buy area #2. Same strategy. (buy area 2# is based on monthly chart.)
This idea is for a long run. Disclaimer : trade at your own risk, i am not responsible if you willingly to trade with this idea.