Market Overview: Polymesh/Turkish Lira (POLYXTRY) 24-Hour Summary

• Price action on POLYXTRY showed a bullish reversal from key support near 5.55.
• RSI and MACD confirmed a shift in momentum after a 4-hour consolidation phase.
• Volatility expanded during the final 6 hours of trading, with volume spiking above 28k.
• Bollinger Bands saw a re-entry into the upper band during the late-ET buying wave.
• Fibonacci retracement levels at 5.62 and 5.64 provided key resistance during the close.

Polymesh/Turkish Lira (POLYXTRY) opened at 5.62 on 2025-09-19 at 12:00 ET, reached a high of 5.66, and settled at 5.57 as of 12:00 ET on 2025-09-20. The 24-hour total volume was 148,813.1, with a notional turnover of approximately 819,005.5 TRY. The pair exhibited a volatile but ultimately bearish close, with a final retracement from a late-ET rally.

The 15-minute OHLCV data reveals a strong consolidation phase during the first half of the session, followed by a sharp rebound in the last 6 hours. A key breakout attempt occurred at 5.64, but failed to hold due to thin volume and a bearish engulfing pattern at 5.62. Support at 5.55 held twice, while 5.58 acted as a temporary floor before a final 5.57 close. The 50-period moving average on the 15-minute chart was at 5.61, with the 20-period line slightly above it, indicating a bearish crossover.

MACD showed a bullish crossover early in the session but failed to maintain positive territory, closing in negative territory as bearish pressure took over. RSI crossed into overbought territory (above 70) during the late-ET rally, followed by a swift return to neutral levels by the close. Bollinger Bands expanded during the 5.62–5.66 price action, with the closing candlestick sitting near the lower band, signaling a potential consolidation or short-term reversal.

Backtest Hypothesis
The backtesting strategy described involves entering a long position on a bullish engulfing pattern above the 50-period moving average, with a stop-loss placed below the recent swing low. Over the 24-hour period, this pattern appeared twice—once at 5.62 and again at 5.58. The 5.58 setup would have been more favorable due to higher volume and a stronger breakout attempt. A trailing stop could be placed at 5.56, aligning with Fibonacci 61.8% level of the 5.62–5.66 rally. The strategy appears to have limited risk but requires confirmation on the next 15-minute candle to assess its efficacy under current volatility.