📉 $ON Perp – Short Setup
After a massive rally (+94% in 30 days), $ON is seeing heavy selling pressure with a sharp -28% drop today. Volume spikes confirm distribution.
🔻 Entry: 0.1680–0.1690
🛑 Stop Loss: 0.1750
🎯 TP1: 0.1600
🎯 TP2: 0.1520
High volatility – keep position size small.
Break above 0.1750 invalidates.