the market tested the weekly resistance on 72$ after a nice breakout on the dynamic daily resistance.

On the 4h timeframe the price is creating a bullflag below it, and the price could retest again the weekly support on 61.60$
At the moment the price is suffering about the hack.

Axie Infinity ( AXS ), the native token of the eponymous videogame, reversed most of its recent rally after hackers stole more than $600 million from the Ronin Network blockchain that runs the game. RON , the native token on the blockchain, also slumped in value.

How to approach?
The price needs the breakout from the bullflag on the 4h timeframe, we could see a retest on the 0.618 Fibonacci level where the market has the weekly support. SO if the price is going to have a breakout from the bullflag, According to Plancton’s strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.

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Follow the Shrimp 🦐