what is the stop loss for the existing lot bought at 5220. Adding at 4700 levels is an above 500 points loss level for this postion (about the same as the margin required fo holding one lot), after losing 500 points, it is ridculous to add and average.
Get oout of losing position, book loss. Wait for the next opportunity to take position either short or long. Holding a loser and dreaming it may one day turn into a profit is disasterous to trading accounts.
What is the leverage that is done here, we do not know. Many traders have a tendency to play with all their capital, it that case margin calls would start getting in by the time the support levels are reached.
By any means please do not average a losing trade, set stop loss levels bfore entering a trade, once that is hit, get out withour second thought. Trading without stoploss will turn trading positions into investments, some time a long term investment.