PREDICT/USDT pre-market perp on MEXC pulls back 9% to 1.86

PREDICT/USDT gave back about 9% over the last 24 hours on MEXC. Prices are from the MEXC API around 12:50 AM ET Sunday; the chart is the Oct 23 evening snapshot.

Company in one line

PREDICT trades as a pre-market perpetual. The contract opened before spot trading, at 11:27 PM ET on Oct 21.

Key terms

USDT-margined, no expiry, up to 20x, 0% maker / 0.02% taker, funding every hour.

Price check

Last 1.8588, index 1.8840, fair 1.8649, down 9.08%. The 24h range is 1.7870 to 2.1003, funding is about +0.0012% per hour and turnover is about 119K USDT.

Bias

The higher-low trend from Oct 23 broke when price lost 1.95. Now I'm neutral to bearish. A reclaim of 1.95 would bring 2.10 back into play. Losing 1.787, the 24h low, opens the 1.60 area.

Caveats

This is a pre-market contract, so once spot lists, price discovery can be violent. Open interest is small and slippage is real. Isolated margin and small size only.