How deep can a 7.99% daily pullback settle before trend continuation?

$QNT trades at $198.85 on $25.76M in 24h volume.
Recent hourly closes show a minor 0.07% stabilization near $202.06.
Volume remains subdued at 0.51x the preceding hourly average.

If buyers reclaim the $219.12 high, bullish continuation becomes more likely.
If price drops below the $196.53 range low, downside risk increases.

Can a push past $219.12 outweigh the weak volume currently testing $196.53?

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