Right now where is it? does this look like a bottom to you? (not total at 3580, but temporary at 5057) - it doesn't look like a bottom for me even if it wants to go up. So what you can do? 1x short, you got it. and start closing as you go down each $100. Very simple. Well D, does this work for longs too? Not really brother. 1x long is not a good idea... because the odds of liquidation are at least TEN times higher than odds of short liquidation (check it if you don't believe me on mex).