$SYN
After such a massive pump, a pullback is always on the horizon. Looking at the weekly TF candlestick chart, the price has hit the first significant resistance level that the bears will defend (around $0.28 - $0.38).
Any shorts against the uptrend carry increased risk, but the order block on the weekly is definitely not something the bulls will easily overcome. You can check out the more detailed info in the screenshot below
After such a massive pump, a pullback is always on the horizon. Looking at the weekly TF candlestick chart, the price has hit the first significant resistance level that the bears will defend (around $0.28 - $0.38).
Any shorts against the uptrend carry increased risk, but the order block on the weekly is definitely not something the bulls will easily overcome. You can check out the more detailed info in the screenshot below