3M MMM/USDT on MEXC: higher lows hold above 172 into the weekend

MMM/USDT, the 3M stock perp MEXC opened at 8:55 AM ET on Oct 23, kept its higher-low structure through the weekend. Live data from the MEXC API near 12:50 AM ET Sunday; the chart is Friday afternoon.

Background

3M makes industrial, safety and consumer products. Contract size 0.001 MMM, up to 20x, 0% maker / 0.02% taker, funding every 8 hours.

Numbers right now

• Last 173.28, index 173.20, flat on the day
• 24h range 172.41 to 174.26
• Funding +0.02%
• Turnover about 107K USDT

How I read it

After Friday's flush to 170.77 the 15m lows stepped up: 171.25, 172.49, 173.13. The weekend low of 172.41 still respects that. Long while 172.40 holds, with 174.26 and then 178.32 above. A close under 172.40 ends the idea.

Things that can go wrong

Longs pay the top funding rate, so holding the long costs a bit and shows the long side is crowded. The share reopens Monday and can gap through any of these levels.