New on MEXC: $FN USDT-M stock perp (Fabrinet), live 8:27 AM ET, up to 20x
Optical parts maker feeding AI data center networks
Key takeaway
FN stock perp notes, from the official MEXC contract API, Nov 4: What it is: Fabrinet (NYSE: FN) is a Thailand-based contract manufacturer of optical and photonic parts, including the high-speed transceivers used in AI data center networks. Big customers include Nvidia and Cisco, so it trades as an AI networking proxy.
Contract: USDT-margined, opened 8:27 AM ET, up to 20x, taker 0.02% / maker 0%. Tagged Stock/TradFi, so it follows the NYSE session.
Tape: printed 356.95 early, then bled all morning to a 328.98 low; last ~332.5. Funding near flat.
Plan: SHORT while it stays under 338, targeting a retest of 329. A 1h close above 345 invalidates. Thin early books, size small.
NFA
Bias: SHORT under 338.
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