Technical analysis by MyCryptoParadise_Nathan about Symbol QNT: Buy recommendation (11/18/2024)

Yello, Paradisers! Is #QNTUSDT gearing up for a powerful rally, or could we be on the brink of a deeper pullback? Here's what you need to know: 💎#QNT has shown signs of bullish strength by breaking above a key resistance level, which has now been retested as support. If the price continues to respect this support, it could signal a bullish continuation. The next critical step for confirmation is a break above $95.6, followed by a daily candle close above this level. If this happens, we could see QNT pushing toward its major resistance target in the next leg upward. 💎If the support fails to hold, there’s a risk of a fakeout, with QNT potentially dropping toward the $70 demand zone. This level is crucial for sustaining any bullish momentum. A rebound from here would be necessary to reclaim the support at $82, allowing the bullish scenario to remain in play. 💎Should QNT break below the $70 demand zone and close beneath it on the daily chart, it would invalidate the bullish outlook. This could lead to further downward pressure and a deeper correction in the coming sessions. Remember, Paradisers, the market is a game of probabilities, not certainties. Always trade with clear confirmations, and never let emotions dictate your strategy. Play it smart and stay disciplined!MyCryptoParadiseiFeel the success🌴