In spite of my previous position being stop-loss, I opened a new one when I saw the price doesn't continue to descend further. The price is now about to close above 200 MA and EMA as well as 50 MA and EMA. It is directly on top of them now. I think this is still a good opportunity to buy. The probability of a much bigger move is solid in my eyes...
Opening now I would have higher stop-loss since there has already been bullish price action. I don't have any specific target on my position yet.