Based on bigger picture (bellow), I'll go with 5% risk with trade as charted - entry an long term resistance, stop loss bellow previous low, target 1 at 0.382 Fib retracement level and final target at 0.618 Fib retracement level of last drop. If things will be OK, I'll leave part of trade for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)