Market Overview for Plume/Turkish Lira (PLUMETRY)

Summary
• PLUMETRY opened at 2.042 and closed at 2.048, with a 24-hour high of 2.083 and low of 1.96.
• Price swung between key support at ~1.96 and resistance at ~2.08, showing high volatility.
• Volume surged at key turning points, suggesting active participation during reversal phases.

Plume/Turkish Lira (PLUMETRY) opened at 2.042 on 2025-11-11 at 12:00 ET-1 and closed at 2.048 at 12:00 ET on 2025-11-12. The pair traded between 2.083 (high) and 1.96 (low) during the 24-hour period. Total trading volume reached 183,096 units, and notional turnover amounted to approximately 367,603, with volatility clustering in the late night to morning hours.

The candlestick chart revealed a series of key patterns: a bearish engulfing pattern around 20:00, followed by a bullish harami at 03:00. A doji appeared at 05:00, signaling indecision. These formations indicated a tug-of-war between buyers and sellers, especially around key levels of 1.99 and 2.03.

Moving averages showed mixed signals: 20-period and 50-period moving averages on the 15-minute chart crossed over multiple times during the session, suggesting no clear trend. On a daily chart, the 200-period MA acted as a baseline support, while the 50-period MA crossed above the 100-period MA near the close, hinting at a possible short-term bullish setup.

RSI hovered near overbought territory in the late morning, then drifted toward oversold levels at 02:15. This suggested an exhausting sell-off followed by potential buying interest. MACD showed a bullish crossover at 06:00, coinciding with a price rebound. Bollinger Bands expanded in the early hours and then contracted between 04:00 and 06:00, signaling reduced volatility and a potential breakout.

Volume confirmed key price swings: large volume spikes occurred at 08:15 and 10:15, supporting the closing rally to 2.081. Turnover was highest in the same periods, aligning with price highs. A divergence between price and volume occurred around 02:15, where price dropped but volume remained muted, suggesting a lack of conviction in the sell-off.

Fibonacci retracement levels for the 1.96–2.08 swing highlighted 61.8% at ~2.04 and 38.2% at ~2.01, with price currently hovering just above the 61.8% level, suggesting possible consolidation or a break above resistance.

The backtesting strategy would require additional details such as the RSI threshold for “oversold” conditions, whether to use close or next-day open for trade entry, and any risk controls like stop-loss or take-profit levels. Once these are defined, the strategy could be tested using this 24-hour dataset to assess its effectiveness in capturing short-term momentum or trend-following opportunities.