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$ON Bearish in the short term, looking to bet on mean reversion.
In this kind of parabolic move up, there’s a high chance that it will be followed by a vertical dump. Watch the 0.1797 to 0.1842 range—consider entering a short there, looking down toward the 0.1654 to 0.1522 area. Set your defense at 0.1953.
But also watch the risks. Right now momentum is still quite strong, and before any pullback, there may be a squeeze upward. Don’t go all-in—control your position size according to your account. Also, $SNDK and $PHAROS can be followed along for the trend.