This short-term trade is basically betting on the 0.618 support. Once it breaks the 0.618 support, a 0.5% stop-loss is set; the overall loss is 1.5%.

It’s possible that after I hit the stop-loss, it might rebound. It could also be that this is just an extreme tug-of-war, and after I stop out, it might surge past the previous high.
However, that’s not the point of this trade. For this kind of bouncing market, I will stick to the original plan. Accepting the risk and the outcome is part of the game.