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

Summary
• Price opened at 0.2 and closed at 0.2, with a high of 0.202 and low of 0.195.
• Volatility dipped midday before rebounding toward the close.
• Volume surged in the overnight hours, coinciding with the final price rally.
• RSI and MACD suggest mixed momentum, with no clear overbought or oversold signal.
• Bollinger Bands showed moderate compression prior to the final upward push.

The 24-hour chart for 1000*Simon's Cat/Turkish Lira (1000CATTRY) opened at 0.2 and closed near the same level at 0.2, with intraday fluctuations reaching a high of 0.202 and a low of 0.195. Total traded volume over the period was 10,676,253.6, while notional turnover amounted to approximately 2,087,428.9. The price action featured a consolidation phase followed by a late-night rally that regained earlier losses, supported by increased volume.

Candlestick formations highlighted a consolidation pattern early in the session, followed by a bullish breakout attempt in the latter half. Key support appeared around the 0.196–0.198 range, with resistance forming at 0.2 and 0.202. A doji appeared near 0.202, hinting at indecision at the top of the consolidation. A bullish engulfing pattern formed near 0.201, signaling potential upward momentum.

Moving averages on the 15-minute chart indicated a cross of the 20 and 50-period lines near the 0.199–0.2 range. The daily MA (50/100/200) showed a flat trend, with the price hovering near the 50-period line. MACD remained in positive territory for much of the session, though it flattened toward the end, indicating waning momentum. RSI hovered between 50 and 60, suggesting moderate bullish pressure but not overbought conditions.

Bollinger Bands were in a moderate contraction phase during the early trading hours and expanded as the final rally developed. The closing price settled near the upper band, a sign of potential exhaustion in the current move. Volume and turnover aligned with the late-session price action, with the largest single 15-minute volume spike occurring at 03:15 ET, where volume reached 4,366,755.6. This was consistent with the upward push in price. No significant divergence between price and turnover was observed.

Fibonacci retracement levels drawn from the 0.195 low to the 0.202 high identified the 0.198–0.199 level as a key 50% retracement point. The price found support here and reversed upward, suggesting a potential continuation pattern.

Backtest Hypothesis
The backtest would involve identifying key candlestick patterns such as the bullish engulfing formation observed during the session. A buy signal would be triggered at the open of the candle following a confirmed bullish engulfing pattern, with a stop-loss placed below the 0.196 support level. A sell signal could be triggered upon encountering a bearish engulfing pattern, or after the price fails to hold above the 0.2 resistance level. The 15-minute chart would be used for timing entries, while daily indicators would help assess the broader trend. This approach would be applied to historical data from 2022 onwards to assess its effectiveness.