Emerson EMRSTOCK_USDT on MEXC grinds higher lows from 161.04, long toward a 162.98 break

MEXC added EMRSTOCK_USDT to its stock futures at about 10:27 AM ET. The contract tracks Emerson Electric and settles in USDT.

Company check

Emerson builds industrial automation hardware and software (valves, measurement, control systems). It is an industrial bellwether that tends to follow factory and energy capex cycles.

Trading terms

• 20x max, 0.001 EMR per contract.
• 0% maker, 0.02% taker.

Live figures, 3:35 PM ET

• Last 162.66, fair and index 162.61, +0.30%.
• Session range 161.04 to 162.98.
• 24h volume about 25.3K USDT. Open interest 85,932 contracts, around 14K USDT.
• Funding -0.0044%, essentially flat.

Setup: LONG

The 161.04 low came early, and since then the floor has stepped up: 161.75 over the last 4 hours and 162.32 over the last hour. That staircase of higher lows into a flat ceiling at 162.98 is a typical ascending triangle. A 15m close above 162.98 is the breakout trigger.

Invalidation: a 15m close below 162.32 breaks the most recent higher low and cancels the setup.

Range is narrow, so leverage does the damage here. Go light.