Market Overview for Plume/Turkish Lira (PLUMETRY) – September 24, 2025

• PLUMETRY opened at $4.298, surged to $4.357, and closed at $4.291, forming a volatile 24-hour session.
• A bearish divergence appeared on the RSI near overbought levels, suggesting potential momentum exhaustion.
• Volume spiked sharply during the 23:45–00:00 ET window, coinciding with a sharp price drop.
• Price tested key Fibonacci levels at $4.30 and $4.24, with 61.8% retracement offering short-term support.
• Bollinger Bands showed a recent expansion, indicating increased volatility and heightened market interest.

Plume/Turkish Lira (PLUMETRY) opened at $4.298 on September 23 at 12:00 ET, reached a high of $4.357, and closed at $4.291 on September 24 at the same hour. The pair traded within a 24-hour range of $4.1–$4.357, with a total volume of 2,341,152.3 and notional turnover of approximately $9.78 million. Price action showed sharp intraday swings, particularly in the early morning and late afternoon.

Structure & Formations

The 24-hour OHLC data revealed a bearish reversal pattern at the high of $4.357, with a long upper wick and relatively weak close. Multiple key resistance levels were identified at $4.315 (76.4%), $4.29 (38.2%), and $4.27 (23.6%) based on Fibonacci retracement from the $4.357 high to the $4.1 low. Notable support levels were observed at $4.23 (38.2% on the 15-minute chart) and $4.18 (61.8% on the daily chart). A doji appeared at $4.245 at 01:45 ET, indicating indecision and a potential trend pause. A bullish engulfing pattern formed at $4.27–$4.31 between 01:15–01:30 ET, but it was followed by a sharp bearish correction.

Moving Averages

Using 20-period and 50-period moving averages on the 15-minute chart, price broke above the 20-period line early in the session before retreating and closing below both, indicating potential bearish bias. On the daily chart, the 50-period moving average is at $4.23, while the 100-period is at $4.20. Price closed above both, suggesting a mixed signal for near-term momentum.

MACD & RSI

The MACD line crossed below the signal line at 09:45 ET, confirming a bearish momentum shift. The RSI peaked at 68.7 at $4.357, signaling overbought conditions and potential exhaustion in the bullish move. It later dropped to 46.9 by 12:00 ET, indicating balanced buyer and seller pressure. A divergence between price and RSI during the 23:00–00:15 ET window suggests weakening bearish momentum.

Bollinger Bands

Bollinger Bands expanded significantly in the early morning hours (03:30–06:00 ET), indicating a sharp increase in volatility. Price briefly touched the upper band at $4.357 but closed near the middle band, which is at $4.27. The narrowing of the bands in the late afternoon (16:00–19:00 ET) suggests a period of consolidation before the final surge.

Volume & Turnover

Volume spiked sharply during the 23:45–00:15 ET period, with 121,911.0 units traded at $4.107, indicating a large-scale sell-off. Notional turnover mirrored the volume spikes, particularly between 03:30–05:45 ET and 23:45–00:15 ET. A price-volume divergence was observed around $4.21–$4.23, where volume decreased despite continued bearish movement.

Fibonacci Retracements

Fibonacci retracement levels played a key role in defining key support and resistance levels. The 61.8% retracement level at $4.30 acted as a short-term support, halting the downward move during the 05:45–06:00 ET window. The 38.2% level at $4.24 offered support on several occasions, particularly during the 17:45–18:00 ET window. On the daily chart, the 50% level at $4.26 appears to be the next critical level for near-term direction.

Backtest Hypothesis

Using the identified support at $4.23 and resistance at $4.30 as dynamic entry and exit levels, a potential backtesting strategy could be to go long on a breakout above $4.30 with a stop-loss below $4.27 and a target at $4.35. Conversely, a short trade could be initiated on a break below $4.23, with a stop above $4.26 and a target at $4.18. These levels align with the 38.2%, 50%, and 61.8% retracements from the recent $4.357 high to the $4.1 low.