New on MEXC: $EQT.USDT stock perp, EQT Corp, the big US natural gas producer, live with up to 20x

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

What it is: a USDT-margined perp tracking EQT, listed in MEXC's stock futures. Trading opened at about 4:43 AM ET today. Max 20x, contract size 0.001, fees 0% maker / 0.02% taker.

Live stats: 24h range 50.85 to 55.81, last 53.56, -2.98%. Funding -0.054%. Volume about 39.4K USDT, open interest 646,197 contracts (about 34.6K USDT).

Setup: A V-shaped recovery off 50.85, with shorts paying funding. Upside reference is 54.4 and then 55.81.

Invalidation: 15m close under 52.40.

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

Bias: LONG. Price bounced off 50.85 to around 53.56, and funding is negative at -0.054%.