By starting small it is possible to build up a short position from here, short the next level and possibly even the 2.0 ext. at the next possible larger resistance level.
Counter-trend so not risking more than 0.5%...
So far so good, close to the lower BB now on the 1H, I'm trailing SL above the high and cancelling the extra sell order for now, will decide if I will add later.
Next 4H candle will be an important one for me...:
If we get there we should have at least some retracement, if it goes even further than I will try to get an other entry at the 2.0 ext. also, we'll see.
To have more confidence you can wait for confirmation or if you start small you can build up a position while we go further up to average out the entries. I prefer this strategy more lately, it's less stressfull that way and you can keep the SL wide or even open in some cases.