New on MEXC: $ADP.USDT stock perp, ADP, the US payroll giant, live with up to 20x

MEXC ADP stock perp notes, official MEXC contract data around 11:35 AM ET Oct 26:

What it is: a USDT-margined perp tracking ADP, listed in MEXC's stock futures. Trading opened at about 10:28 AM ET today. Max 20x, contract size 0.001, fees 0% maker / 0.02% taker.

Live stats: Range so far is 301.45 to 304.77, with last 301.77 and -0.57%. Funding -0.0136%. Volume about 6.24K USDT, open interest 22,201 contracts (about 6.7K USDT).

Setup: Every 15m high since the open has been lower. A break of 301.45 extends the move.

Invalidation: 15m close above 303.61.

Risk: a brand new contract with thin books, and it follows US market hours. Size small. Not financial advice.

Bias: SHORT. Lower highs since the 304.77 open spike, price around 301.8 near the 301.45 low.