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The HTF trend is bearish, while the LTF trend represents a corrective move against the HTF. Currently, buying volume is stronger than selling volume, and there is no sign of sellers stepping in to drive the price significantly lower
Furthermore, since last week candle closed with strong momentum, the previous week's high will serve as a key level for this week.
The primary bias is to wait for a pullback and look for long opportunities until selling pressure enters the market
Price range to watch
Monthly Key Level: 63580
Weekly Key Level: 61785
Local Support: 62720 - 62545
Strong Support: 60300 - 59500
Strong Resistance: 65715 - 66410
Currently, TOM is shorting at the key monthly level of 63.6k. The target is the local support zone of 62.7k–62.5k
Upon reaching this local support, observe the H1 timeframe, if the price fails to close below it, go long to continue the trend
If the price closes below, look to go long around the key weekly level of 61,785. For short positions this week, look for opportunities around the 65,715–66,410 resistance zone

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