Cardano / TetherUS
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Cardano to register further gains following range breakout?

150
The range formation for Cardano was finally broken on Wednesday, despite the weakness of Bitcoin.

The former bearish H4 OB at $0.375 was flipped to a bullish breaker. Moreover, the range breakout saw an FVG (white) develop at the $0.375 area as well, marking it as a good demand zone.

Yet, if Bitcoin was unable to climb toward and past $27.8k in the coming days, the bullish sentiment behind Cardano could begin to fade away.


Entry: $0.372 (retest of range highs)

Take-profit: $0.383 (small imbalance and short-term resistance)

Stop-loss: $0.368 (below FVG)
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demand zone didn't hold, the upward breakout hunted liquidity and reversed back into the range after BTC losses

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