New on KCEX: $STM.USDT perp, STMicroelectronics, the European auto and industrial chipmaker, live with up to 25x

KCEX STM_USDT perp notes, official KCEX contract data around 10:45 AM ET Oct 26:

What it is: a USDT-margined perp tracking STMicroelectronics, a major semiconductor maker focused on automotive, industrial and microcontroller chips.

Live stats: last 44.38, 24h range 44.04 to 45.02, change +0.52%. Funding -0.0209%. Turnover about 30.4K USDT, open interest 132 contracts (about 0.59K USDT). Max 25x, contract size 0.1, fees 0% maker / 0.01% taker.

Setup: a tight range, with price near the lower half and slightly negative funding. The long targets a move back toward 45.02 as long as the range low holds.

Invalidation: a 15m close under 44.04.

Risk: open interest is very low on a fresh listing, so slippage is real. Not financial advice.

Bias: LONG while 44.04 holds. Price is around 44.38 with mildly negative funding.