Be SafeLooks steep on monthly. This is a monthly chart.
Most Arcs take a breather at the 50% mark. The average arc falls between 62 to 79% of the rise up in correction mode.
A parabolic arc can be volatile on the way down and there will most likely be rallies up on the way down. An arc can far more or less than these levels.
Short interest is 5.6% which to me is not super high.
No recommendation.
Parabolic Arcs are caused by extreme bullishness causing an unsustainable rise to the upside.
Daily chart below. Price is below the bottom band which may cause a snap back to the interior of the bands. Gapped down today. Be safe on this one for now.