Define " safe ", also it depends on if you're using a regulated APV with built in protection and amp limiting circuitry or a mechanical with none.
The battery in question has a maximum continuous discharge rate (CDR) of 20 amps.
4.2 / .123 = 34.14 a ~ 14a above CDR.
4.2v / .21 = 20a
4.2 / .3 = 14a
Even if you used 3.7v in calculating for some strange reason, 3.7v / .123 = 30. 08a ~ 10a above CDR.
Exceeding any battery's CDR is never a good or 'safe' idea.
Then there is the inaccuracy of what you use to measure resistance to consider. (+\- what % in what specific range)