I dunno for me it would be a lot easier to put on a new long position here then to initiate a new short into these lows...guess its all how you look at it though.
When the faders throw in the towel, you get the explosive moves and volume shows when they have done so and you just follow along and play the momentum.
You keep making your money trading with the momentum full position on at the start as B1S2 suggests. You will make money. Then when you have built up your stake and want to play market maker then you can fade.