Market Overview for Linea/Turkish Lira (LINEATRY) – 2025-10-03

• Price opened at 1.0764 and closed at 1.1213, showing a strong bullish trend over 24 hours.
• Volume surged to 2.2686 million at 16:00 ET, indicating growing interest and momentum.
• RSI and MACD suggest overbought conditions, raising potential for consolidation or pullback.
• Bollinger Bands show recent price expansion, aligning with increased volatility.
• Fibonacci retracement levels may offer key resistance near 1.11–1.12.

24-Hour Price Action

Linea/Turkish Lira (LINEATRY) opened at 1.0764 on 2025-10-02 at 12:00 ET and surged to a high of 1.1213 by the end of the reporting period at 12:00 ET on 2025-10-03. The pair traded within a 24-hour range of 1.0622 to 1.1213, closing at 1.1213. Total volume amounted to approximately 25.04 million, with a notional turnover of 25.24 million TRL, calculated as volume multiplied by average price.

Structure & Formations

The candlestick pattern displayed a strong bullish bias, with multiple bullish engulfing and inside bar formations occurring after 19:00 ET. Key support levels formed at 1.0900 and 1.0750, while resistance emerged at 1.1050 and 1.1213. A long upper shadow at 1.1213 suggests potential for a consolidation phase ahead.

Technical Indicators

The 15-minute chart showed the 20-period and 50-period moving averages in bullish alignment, with the price trading above both. The MACD line crossed above the signal line late in the session, signaling positive momentum. The RSI reached overbought territory (75+), suggesting a possible pullback. Bollinger Bands expanded during the final hours, reflecting rising volatility.

Fibonacci Retracement & Volume Profile

Applying Fibonacci to the recent 15-minute swing from 1.0764 to 1.1213, key retracement levels include 38.2% at 1.1008 and 61.8% at 1.0856. These levels may serve as temporary support/resistance. Volume remained elevated between 16:00 and 19:00 ET, confirming strength in the upward move. A divergence between price and volume was noted around 08:00 ET, suggesting short-term exhaustion.

Forward Outlook

While the current bullish momentum remains strong, the overbought RSI and expanded Bollinger Bands suggest a possible short-term pullback into the 1.10–1.11 range. Investors should monitor for a breakdown of the 20-period moving average or a bearish divergence in the MACD for early signs of reversal.

Backtest Hypothesis

Applying the provided backtesting strategy, a potential long entry could be considered at the first Fibonacci retracement level (1.1008), with a stop-loss placed below 1.0900. A take-profit could target 1.1130, aligning with the 78.6% Fibonacci extension. This setup leverages the recent bullish structure and volume profile while managing risk with defined levels. The strategy assumes continuation of current momentum and a successful retest of key support/resistance.