Market Overview for Paris Saint-Germain Fan Token/Tether (PSGUSDT)

• Price declined from 1.048 to 1.031, with bearish momentum in the 15-minute timeframe.
• Volatility expanded, with volume surging over 30,000 at key resistance areas.
• RSI oversold territory hit, suggesting potential short-term rebound.
• Bollinger Bands widened, confirming heightened market uncertainty.
• Fibonacci levels at 1.032–1.037 may see support and resistance over next 24 hours.

Opening Summary

Paris Saint-Germain Fan Token/Tether (PSGUSDT) opened at 1.038 on 2025-11-09 12:00 ET, reached a high of 1.048, a low of 1.02, and closed at 1.038 on 2025-11-10 12:00 ET. Total volume over the 24-hour period amounted to 322,769.95, with a notional turnover of $333,126.22.

Structure & Formations

The 15-minute chart displayed a series of bearish engulfing patterns and a long-legged doji near 1.031, indicating internal indecision and potential reversal. Key support levels identified include 1.025 and 1.020, while resistance levels emerged at 1.035 and 1.040, aligning with recent swing highs.

Moving Averages

On the 15-minute chart, price is trading below both the 20-EMA and 50-EMA, suggesting a bearish bias. On the daily chart, the 50-, 100-, and 200-day SMAs are not available for this token, but price is trending downward through recent EMA crossovers.

Momentum Indicators

MACD remains in negative territory with a bearish crossover, confirming downward momentum. RSI touched oversold levels below 30 in the last few hours, hinting at a potential bounce. However, divergence between price and RSI suggests caution.

Bollinger Bands

Bollinger Bands have expanded, reflecting increased volatility. Price remains inside the bands but is now near the lower band, supporting the oversold reading and indicating a potential mean reversion scenario.

Volume & Turnover

Volume surged significantly at key resistance levels, especially during the 21:15 ET to 22:30 ET window, where over 70,000 volume was traded. Notional turnover also spiked during this period, showing conviction in bearish pressure.

Fibonacci Retracements

Fibonacci retracements drawn from the 1.048 high to the 1.02 low indicate potential support at 1.032 (38.2%) and 1.037 (61.8%). These levels could act as critical areas for near-term price action.

Backtest Hypothesis

To rigorously test a trading strategy based on the Bearish Engulfing pattern observed in this 24-hour window, one approach would be to trigger a short position at the open of the following 15-minute candle after the pattern is confirmed. The position would then be closed at that candle’s close. This method would require detecting the Bearish Engulfing pattern on a 15-minute chart and applying it to PSGUSDT across the specified timeframe.

To enhance the backtest, optional risk controls could include a stop-loss at the high of the engulfing pattern or a maximum holding period of 1–2 days if a signal is not confirmed by the close. With these parameters, we could assess the profitability and win rate of the strategy on a fully-automated basis.