Caldera (ERA/USDT) – Unexpected but Cautious Rise with Long Candlestick

Caldera (ERA) has just recorded an unexpected breakout as the price surged to the zone $1.60, but was immediately rejected strongly with a long upper wick – a typical sign of short term take profit pressure. This development has left the market in a state of "half believing, half doubting": Is this a failed jump (bull trap) or just a shakeout before continuing to rise? 📈 Outstanding Technical Developments Quick breakout: The price surged to $1.60 in a short term, surpassing nearby resistance zones. Long wick: Immediately rejected, leaving a large upper wick – indicating selling pressure at the high zone. Volume: Spiked significantly during the spike, but no signs of accumulation after the breakout. 🎯 Potential Targets $1.55 – Nearest resistance:

If ERA sustainably reclaims this zone, the uptrend may continue. This is the area to watch to assess the strength of buyers.$1.70 – Psychological resistance:

Round price levels have a high psychological impact and are also the previous peak. Breaking through this level with large volume can attract attention from the market. $1.95 – FOMO zone:

If the momentum is strong enough and the overall market supports it, ERA could enter a "no brakes" increase phase. This is the zone where investors usually chase prices. 🛡️ Important Support Levels to Note $1.28 – Short term support:

Coinciding with the MA20 line and being the bottom of the breakout. Maintaining this zone is a prerequisite for sustaining the bullish structure.$1.15 – Deep support:

It is a previous accumulation zone. If the price returns here, it will be an attractive opportunity for those who missed the wave earlier. However, if this zone is lost, the bullish trend may be invalidated. 🧠 Perspective & Trading Strategy The strong surge accompanied by long candlesticks indicates that the market has strong buying pressure, but it is also not ready to maintain high prices. This could be a "shakeout" phase – shaking off weak positions before moving forward. If the price maintains above $1.28 and accumulates around $1.40–$1.45, the bullish structure remains intact. On the other hand, if it falls below $1.28 and the volume decreases gradually, the possibility of a deeper correction towards $1.15 needs to be considered. 🛠️ Suggested Strategy Cautious strategy: Wait for confirmation to hold $1.28, may consider buying around $1.30–$1.35, short target is $1.55, stop-loss below $1.25. Breakout strategy: If ERA closes strongly above $1.55 with high volume, traders may consider following the (momentum), targeting $1.70–$1.95. 🧩 Summary Caldera ($ERA ) is showing clear bullish momentum, but the rejection at $1.60 is a warning not to be overlooked. The market needs more time to confirm whether this is a "failed breakout" or just a temporary pullback to prepare for a larger breakout. Holding support at $1.28 is key for ERA to maintain its upward trend in the coming days. #Caldera @Calderaxyz