MasTec $MTZ stock perp is live on MEXC (USDT-M, up to 20x): US infrastructure contractor (comms
Key takeaway
Fuller read on the MEXC MTZSTOCK_USDT perp (data as of 10:36 AM ET): Project: MasTec (NYSE: MTZ) is a US infrastructure contractor working on communications, power delivery, clean energy and pipelines. MEXC lists it as a USDT-margined stock perp. It went live at 8:00 AM ET with up to 20x.
Structure:
- Last 197.98, index 197.86. Up 1.10% on the day
- Widest range of the four: 187.51 low at 8:30 ET and 202.95 high at 9:40 ET
- It was rejected from that high and is now back under 200.13, the 9:30 cash-open print, making lower highs
- 24h turnover about 11.7K USDT, open interest about 4.7K USDT. The thinnest of the four
- Funding is at its -0.02% floor, so shorts pay longs. A crowded short can squeeze, which is the main risk to this view
- Fees: 0% maker, 0.02% taker
Bias: short on the failed push above 200 and the lower-high structure. Invalidation: a reclaim of 200.13. Key levels: 200.13 pivot, 196.98 post-open low, 202.95 high.
Very thin liquidity, so size small.
NFA
Bias: short. Invalidation: reclaim of 200.13. NFA
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