1000*Simon's Cat/Turkish Lira Market Overview

• 1000CATTRY saw a 0.234 → 0.239 → 0.233 → 0.232 price swing with a -0.63% net decline over 24 hours
• RSI signaled overbought conditions during 19:00–20:00 ET followed by bearish reversal
• Volume spiked at 19:15 ET (1.3M) and 02:30–03:00 ET, with price diverging in both cases
• Price found key resistance at 0.239 and support at 0.23, both clashing with Bollinger Band limits
• Fibonacci levels highlighted 0.233–0.235 as critical for short-term direction, with 61.8% at 0.231 as next likely target

1000*Simon's Cat/Turkish Lira (1000CATTRY) opened at 0.234 on 2025-10-27 at 12:00 ET and reached a high of 0.239 before closing at 0.232 on 2025-10-28 at 12:00 ET. Total volume for the 24-hour period was 6.9M, with a notional turnover of approximately 1.57M TRY. Price action revealed a bearish bias as resistance at 0.239 gave way, and support at 0.23 held briefly before a breakdown.

Key structures formed throughout the session, including a bearish engulfing pattern at 19:15 ET, where the price opened at 0.237 and closed at 0.233 after forming a large red body. A doji formed at 21:45 ET at 0.233, indicating indecision before a further decline. The 20-period moving average on the 15-minute chart hovered around 0.234–0.235, offering a dynamic resistance level that was repeatedly tested but not held.

Momentum as measured by RSI peaked near 65 during the afternoon (16:00–18:00 ET), signaling overbought conditions that were followed by a sharp pullback. MACD crossed into negative territory by 19:30 ET and remained bearish throughout the remainder of the session. Volatility was amplified by the breakdown of the upper Bollinger Band at 0.238–0.239, followed by a rapid contraction as the price settled near the lower band by 03:00 ET the next day.

Fibonacci retracement levels applied to the key 0.234–0.239 swing showed 38.2% at 0.236, 61.8% at 0.231, and the 100% level at 0.23, all aligning with recent turning points. The 61.8% level is now under pressure and could dictate the next leg of the move should sellers gain control. Over the next 24 hours, a break below 0.23 may trigger further bearish momentum, with 0.227 as a likely target, but buyers are expected to show some resilience at the 0.23 level. Investors should watch for a potential bearish continuation pattern or rejection at key Fibonacci levels to gauge the next trend direction.

Backtest Hypothesis
The Bearish Engulfing pattern observed at 19:15 ET (0.237 open, 0.233 close) appears to be a potential candidate for a backtesting strategy. While initial attempts to fetch historical pattern occurrences for the 1000CATTRY pair encountered errors, this candlestick formation aligns with the typical conditions of a valid bearish reversal. A more robust backtest would require confirmation of the exact ticker symbol and access to historical pattern data. If confirmed that “1000CATTRY” is the correct symbol, we can re-query the data. Alternatively, if a different symbol was intended (e.g., CATTRY, CATUSD, or similar), please clarify so we can proceed. Once the pattern list is confirmed, a comprehensive backtest can be executed to evaluate its historical performance, including stop-loss placement, profit-taking thresholds, and win/loss ratios across multiple cycles.