Lowe's $LOW stock perp is live on MEXC (USDT-M, up to 20x): US home-improvement retailer
Key takeaway
Fuller read on the MEXC LOWSTOCK_USDT perp (data as of 10:36 AM ET): Project: Lowe's is the No. 2 US home-improvement retailer (NYSE: LOW). MEXC lists it as a USDT-margined stock perp that tracks an index of the share price. It went live at 8:00 AM ET with up to 20x.
Structure:
- Last 214.35, index 214.36, so the perp is tracking its index closely
- First-bar range 207.55-217.95 at the 8:00 open. Since the 9:30 cash open, price has held 213.00-214.50
- 24h turnover about 21.3K USDT, open interest about 22.8K USDT. This is a very thin book, so expect slippage
- Funding -0.0118% per 8h. Shorts are paying longs a little
- Fees: 0% maker, 0.02% taker
Bias: long while it holds above a rising 5m EMA with negative funding. Invalidation: a 5m close under 213.00, the post-cash-open low. Key levels: 213.00 support, 214.50 range top, 217.95 opening-bar high.
Stock perps move with US session hours and earnings news. Size small given the liquidity.
NFA
Bias: long. Invalidation: 5m close under 213.00. NFA
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