Market Overview for Plume/Turkish Lira (PLUMETRY) on 2025-10-14

• Plume/Turkish Lira (PLUMETRY) opened at 3.405 and closed at 3.398, with a high of 3.603 and low of 3.332 over the last 24 hours.
• The price formed a bearish engulfing pattern near the session high and a potential bullish reversal near the low, showing mixed momentum.
• Volatility expanded during the early part of the session, while volume remained elevated, especially during key intraday swings.
• The pair remained within a consolidation phase in the last 12 hours, showing signs of indecision among traders.

Price Action and Momentum

Plume/Turkish Lira (PLUMETRY) opened at 3.405 on 2025-10-13 at 12:00 ET, and closed at 3.398 on the same time on 2025-10-14. The session saw a high of 3.603 and a low of 3.332. The total traded volume was 19,618,125.0 and the notional turnover (volume × average price) was approximately 68,633,346.93, calculated using the average close price of the 15-minute candles. PLUMETRY exhibited a bearish bias during the morning session, with a sharp correction after reaching a 24-hour high.

The price tested key psychological levels around 3.60 and 3.35, forming both bearish and bullish reversal patterns. A bearish engulfing candle developed at the top of the rally, suggesting short-term exhaustion among buyers. Later, a potential bullish reversal candle emerged near the session low, offering a hint that sellers may be losing control at lower levels.

Volatility and Volume Profile

Volatility expanded significantly in the early part of the session, with price ranging between 3.376 and 3.603. This expansion was supported by strong volume spikes, particularly during the 19:30–20:00 ET timeframe, when PLUMETRY surged from 3.519 to 3.723. However, volume declined after the 3.60 level was tested, indicating a lack of conviction among buyers.

In the last 12 hours, price remained within a tighter range between 3.332 and 3.499, with volume gradually returning to average levels. This suggests a potential period of consolidation, with traders waiting for a catalyst to break out of the current range. There was no significant divergence between price and volume, which implies that the current price behavior is supported by market activity.

Momentum and Key Levels

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward throughout the session, reflecting a bearish bias in the short term. On the daily chart, the 50-day and 200-day moving averages were not provided, but the price remains below the 20-period line, reinforcing a near-term bearish tone.

Fibonacci retracement levels applied to the most recent 15-minute swing from 3.332 to 3.603 show key levels at 3.481 (38.2%) and 3.435 (61.8%). The price has been consolidating near these levels in the last 12 hours, indicating potential support. A break below 3.35 could signal a retest of the 3.309 support level from earlier in the session.

Bollinger Bands showed a significant contraction during the consolidation phase between 3.35 and 3.45, suggesting a potential breakout. The price currently sits just below the middle band, suggesting no immediate overbought or oversold conditions.

Backtest Hypothesis

Given the price patterns and volume behavior, a backtest based on MACD and RSI indicators could provide further insight into potential trading opportunities for PLUMETRY. The MACD golden cross and RSI overbought levels could serve as meaningful signals for entry and exit points, particularly during the 15-minute time frame. However, since the requested MACD and RSI data for PLUMETRY could not be retrieved, it is recommended to confirm the correct ticker symbol or provide a valid alternative for further analysis. Once this is resolved, a full backtest from 2022-01-01 to the present could be run to validate the hypothesis.

In the next 24 hours, PLUMETRY may remain range-bound or break out to the downside if bearish momentum continues to gain traction. Traders should closely monitor the 3.40 and 3.35 levels as potential support and resistance zones. As always, volatility and volume can shift quickly, so caution is advised when taking directional positions.