Is $SYN ‌ finally cooling off or is this just a trap for the bears?

That huge wick up to 0.067 was insane but look at how fast it got sold off. It's like the moment it hits that peak, everyone just hits the exit button at once.
Right now we are hovering around 0.050 and honestly it looks a bit heavy. The order book is leaning 60% towards the sell side which usually tells me the sellers are still in control for the short term.
If we can't hold this 0.049 area as support then we might be heading back down to fill that gap towards 0.045 where the previous consolidation was. Volume is decent at 8.4M but it needs more buyers to step in if we want to see another leg up.
I’m staying on the sidelines for this one until I see a solid base form. Chasing these wicks is a quick way to get stuck.

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