Cardano has bounce off very nicely after taking out stop losses of over leveraged long positions at 1.0187. Right after we can see an accumulation and distribution in the area of 1.1868 - 1.1596. We had a nice buy volume come in right after which pushed the price higher, although the cluster was never retested properly. Every time it touched back, there was wicks. Which means a lot of long position's SL has accumulated there. A healthy order fill is expected on that level for this pair to continue going up again.