New on MEXC: $CART.USDT stock perp, Maplebear (Instacart), US grocery delivery, up to 20x: Opened 59.86

MEXC CART stock perp notes, official MEXC contract data around 11:14 AM ET Oct 27:

What it is: a USDT-margined perp tracking Maplebear Inc. (NASDAQ: CART), the parent of Instacart, a US grocery delivery and retail-technology platform. Listed in MEXC's stock futures; trading opened at 10:00 AM ET today. Max 20x, contract size 0.001, and it follows US market hours.

Live stats: 24h range 59.72 to 60.57, last ~60.44, about +1.0%. Funding about +0.0064% per 8h. 24h turnover about 12.6K USDT, open interest about 522K contracts (roughly 32K USDT at this price).

Market structure (15m): opened 59.86, wicked to the 59.72 low in the first candle, then posted closes of 59.97, 60.18, 60.07, 60.35 and 60.44. The 10:45 candle dipped to 59.82 and recovered to 60.35, and the 11:00 candle printed the 60.57 high while holding above 60.15. Early read on thin volume.

Bias: LONG. Setup: dips that hold 60.15 (the latest 15m low), aiming back toward 60.57. Invalidation: 15m close below 60.00, which gives back the 10:30 base. Key levels: 59.72 low, 60.00 base, 60.15 support, 60.57 high.

Risk: brand new contract, thin books, so one order can move it. Size small. Not financial advice.

Bias: LONG dips that hold 60.15.