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Hunt Zones:
Two liquidity "hunt" zones are marked:
Hunt 1: A resistance level where sellers initially dominated.
Hunt 2: A support area where buyers stepped in to push the price higher.
Bullish Structure:
The price has created a higher low and is showing signs of bullish momentum.
The engulfing pattern indicates a strong buyer presence.
Key Levels:
$100,887: First significant resistance level, which could act as a decision point.
$103,010: Final target zone for the current bullish trend.
Expected Movement:
A breakout above the $100,887 resistance may lead to further upside toward $103,010.
Consolidation or pullback may occur at intermediate levels before continuing higher.
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Summary:
The outlook is bullish as long as the price remains above support levels near $97,000. Watch for price action around $100,887 for confirmation of further upward momentum.