If it gets there it could be. The problem is that with PPHM this is all quite unpredictable. The ones that understand this know it is a ticket for the PPHM going up but they also know that the public doesn't understand all this most of the time.
So the AH drop of Friday (which was 24H to late to be credible) followed by some PH on Monday may be sufficient to make some people panic. So yes, if you want to fill it may be a good idea to pick your part of the shares by populating the bid between 1.25 and 1.30$ (depending on where the pps is on Monday morning.).
trying the 1.20$ may not work because whoever engineered a head fake will NOT let you get the shares that loosen up by their effort if they can avoid it.
The nice thing is that when sufficient shares are bought at 1.25$ then the pps should accordingly go up stronger as the head fake is often done with shorting and those positions must be close intra-day.
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