$ONG ,0.088699 short, 20x leverage, profit +204%!
ONG has a 30-day rolling correlation with BTC of 0.85. When $BTC breaks below key support, ONG—being a high-beta asset—will amplify the decline.
Shorting 0.0887 is essentially shorting a "leveraged version of BTC's drop"—using a smaller amount of capital to magnify bigger volatility.
Action: cut position by 50%; set the remaining position stop-loss at 0.083. Target 0.07. If BTC stabilizes, close everything. $TRUMP $ZEC