I think that it is quite possible that price will go down further which will make better opportunity to open long position with much better risk/reward ratio.
I don't think that that the pair will go down below .00012000 level but it may retest the support around this area.
I would keep sl at level 0.0001200 or around 0.00019000. I would suspect that the price could move sideways for some time. I think 0.00050000 is quite possible and there is small chance that the pair will reach 0.0010000 level as well.