1000*Simon's Cat/Turkish Lira Market Overview

Summary
• Price opened at 0.193, surged to 0.199 before a pullback to 0.188.
• High volume activity observed around 0.196–0.198 suggests consolidation.
• RSI suggests overbought and oversold swings, with momentum shifting intraday.

The 24-hour session for 1000*Simon's Cat/Turkish Lira (1000CATTRY) opened at 0.193 on 2025-11-10 12:00 ET-1, reaching a high of 0.199 before closing at 0.188 at 2025-11-11 12:00 ET. Total volume for the period was 26,119,811.9, with a total turnover of 4,980.6 TRY. This volatile session showcases both aggressive and defensive trading behavior across the 24-hour window.

Structure & Formations

The price structure featured a sharp bullish impulse from 0.193 to 0.199, followed by a bearish reversal to 0.188, forming a short-term topping pattern. A bearish engulfing candle occurred at 2025-11-10 23:30, where price opened at 0.199 and closed at 0.197, signaling a potential trend reversal. Key support levels include 0.195 and 0.190, with resistance at 0.197 and 0.199. A doji formed near 0.189 at 2025-11-11 10:00, suggesting indecision.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed during the session, forming a potential bearish crossover. For daily trends, the 50DMA crossed above the 200DMA earlier in the week, indicating a mixed trend. However, the recent bearish close may now challenge this setup.

MACD & RSI

MACD showed a bearish crossover as the line dipped below the signal line near the 0.196–0.198 range. RSI fluctuated between overbought (above 70) and oversold (below 30) levels multiple times, indicating strong intraday volatility and mixed momentum signals. The RSI reading at close was 32, suggesting a possible oversold condition.

Bollinger Bands

Volatility expanded significantly as price moved from the upper band at 0.199 to near the lower band at 0.188, showing a breakout pattern. The narrowing of bands earlier in the session suggested a period of consolidation before the breakout. Price currently sits just above the lower band, suggesting further downside could be limited unless the band widens again.

Volume & Turnover

High volume activity occurred around 0.196–0.198, with a single candle at 2025-11-10 23:15 recording 1,763,137.8 volume. This confirmed the bullish move to 0.199. However, a sharp pullback was accompanied by strong volume, indicating conviction in bearish positioning. Turnover was uneven, with spikes near key support and resistance levels, reinforcing the significance of these levels.

Fibonacci Retracements

The 61.8% Fibonacci retracement level from the low (0.188) to the high (0.199) aligns with 0.193, a key support level. This suggests the 0.193 level could offer a strong base for a potential rebound. On the 15-minute chart, the 38.2% retracement level was briefly tested but not held, indicating limited short-term strength for a rebound.

Backtest Hypothesis

Given the observed candlestick patterns and momentum shifts, a potential backtest could focus on shorting after confirmed bearish reversals—such as bearish engulfing or doji patterns. Using the 50SMA/200DMA crossover as a trend filter and confirming with RSI divergence could help refine entry conditions. Stop-loss levels could be placed just above key resistance levels, with take-profit targets aligned with Fibonacci retracement levels. A backtest strategy could incorporate entering on confirmation of a bearish engulfing candle with RSI divergence, holding up to 3 days, and using fixed notional sizing.