QNTUSDT Trading opportunityQNT is currently experiencing a correction, reaching the immediate support area, potentially acting as a weak demand zone. Within this zone, the price has completed the initial ABC correction, signaling a likelihood of an upward movement for another ABC pattern formation towards the Internal Supply area.
The upcoming price reaction within this zone is crucial; a breakout could reignite the bullish trend continuation. However, if the Internal Supply Area proves to be formidable resistance, resulting in price rejection, there's a possibility of breaking the previous low established in the weak demand zone. This could lead to a direct movement towards the External Demand area, representing a significant phase for bullish accumulation.
The trajectory, outlined on the chart, indicates targets towards the mid term target and External Supply area. It's essential to trade cautiously, implementing appropriate stop-loss strategies when necessary.
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