I am in Longs, so if it drops from now to my area of interest, I may become lucky without being 34%. So I am using this just for hedge purposes
I was prepared for a break of 1282 and down, which I stated as a possible trick - open the gate and dump. I am not selling myself, I just keep an open-mind view even though I am bull here.
My take is that we will break previous L 1260 and then start the real upward move, because as you may know we have a lot of peeps waiting for panic selling or whatever it is once 1260 is broken, so why not double the shorts and face the reversal? I am waiting and will see what's on the cards.
Like said at 1254 I will be 34% down + I will have 2 more triggered entries 1257 1254. My comfort zone will end below 1250 and I definitely don't want that.