For those who trapped here I think I would exit as the price is getting pulled back to 2.07-2.08. It's very volatile so I think there will be some kind of pullback.
I would sign 2 points as the end of this decline. I'm pretty sure commodity sector had bottomed so there's a very low chance that it would print a lower low.
Most probably it will turn between the FIBO 50(1.898) and FIBO 61.8 (1.829) level. If you enter here I wouldn't go all in, just keep some dry powder if it wants to print a around 1.6 and I would add on the position.
And open only the half of the planned position there. Have some dry powder if it goes to 1600-1700$.
I don't think it will print a lower low. This is just an intermediate decline.
This is a very volatile vehicle so never go all in !