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$ON is preparing to go short, while also watching for potential pullback opportunities for $PROM and $SNDK .
A parabola-style rally always has to face the pull of gravity; this kind of top-punting market can quickly trigger a fast mean reversion at any time. Plan to grab a short here and take a swing back on the pullback.
Entry is likely around 0.1491 to 0.1528. The first target is the 0.13981 to 0.13090 range.
However, the current trend momentum is still very strong, and the reversal thesis could fail at any time. When shorting, don’t go in too aggressively—you must set a strict stop-loss around 0.16044. Manage your position size according to your own account, and watch your risk!