Market Overview for 1000*Simon's Cat/Turkish Lira (1000CATTRY)

• Price tested key resistance at 0.230, saw a bullish breakout with closing above this level.
• Volatility expanded with high volume near the 0.231–0.232 range.
• RSI remains in overbought territory, suggesting potential short-term pullback.
• MACD confirmed positive momentum as the line crossed above the signal line.
• Bollinger Bands showed a recent expansion, indicating heightened market interest.

Over the past 24 hours, 1000*Simon's Cat/Turkish Lira (1000CATTRY) traded between 0.225 (open at 12:00 ET–1) and 0.232 (close at 12:00 ET), with total volume of 15,286,141.8 and turnover of 3,478,394.3 TRY. Price action showed a consistent upward bias, particularly in the 19:30–23:45 ET window, where it surged to a high of 0.232. This was supported by volume spikes and a strong close above key resistance levels, suggesting a possible consolidation phase.

The 20-period and 50-period moving averages on the 15-minute chart converged above the 0.229 level, indicating a bullish bias in the short term. Meanwhile, on the daily chart, the 50-period moving average was below the 100-period and 200-period averages, indicating a potential transition from a bearish to a neutral trend as price action strengthens above the 0.230 level.

Momentum indicators confirmed this bias: the MACD line crossed above the signal line with increasing volume, and the RSI reached 74 by the end of the 24-hour period, signaling overbought conditions. Bollinger Bands expanded during the rally, with price trading near the upper band most of the day. This suggests a period of high volatility and potential for a mean reversion in the near term.

Fibonacci retracement levels from the recent swing low (0.225) to swing high (0.232) showed price consolidating around the 61.8% level (~0.229), reinforcing the significance of this area as a key support-turned-resistance. A break above 0.232 may test the next psychological level at 0.235, while a pullback to 0.227–0.228 could confirm short-term strength. Volume and turnover aligned with price action, with no significant divergence, supporting the continuation of the current trend.

Backtest Hypothesis

The backtest strategy in question is focused on detecting Bullish Engulfing candlestick patterns in the 1000CATTRY pair as a potential buy signal. However, a technical issue has arisen in the data retrieval process for this specific ticker. The data source returned an error, likely due to either an incorrect ticker format or lack of availability for this specific asset class.

To proceed, two clarifications are needed: First, confirming whether "1000CATTRY" is the correct ticker format or if it's intended to represent a different transaction (e.g., buying 1000 units of CAT/TRY). Second, whether the user has access to a predefined list of Bullish Engulfing signals for this asset, which can be used to bypass the automatic detection step.

Once this is clarified, the backtest can be run using the specified signals or the correct ticker will be used to re-initiate the pattern detection process. The outcome of this backtest will help determine the potential profitability and reliability of the Bullish Engulfing strategy for this particular pair, especially given the recent price action and volume profile observed in this 24-hour window.