Very little we can do with $MQ here, we see a lot of charts like this and in a strong downward channel and the 200 or 50 Day MA's are just above as resistance lines, holders can make the decision to wait for the break out of these resistance lines or cut their losses, it's a personal decision.
The blue line here is important to hold, the bleeding down the channel needs to come to an end soon and even sideways movement will help this to reverse or change direction.