Stryker SYKSTOCK_USDT perp pushes through its 305.52 cap on MEXC: long while above 304.50

MEXC started trading SYKSTOCK_USDT around 10:28 AM ET, a USDT-margined perpetual on Stryker.

Asset notes

Stryker is a large US medical technology company (orthopedic implants, surgical equipment, neurotech). Revenue tracks hospital procedure volumes, so it usually trades as a steady healthcare compounder.

Contract

• Max 20x, contract size 0.001 SYK.
• 0% maker, 0.02% taker.

MEXC snapshot, 3:35 PM ET

• Last 305.82, index 305.78, +0.40%.
• Range 303.36 to 306.00. The 306.00 high printed in the last half hour.
• 24h volume about 23.0K USDT. Open interest 26,258 contracts, roughly 8K USDT.
• Funding -0.0010%, flat.

What changed

For most of the session price was capped near 305.52 and chopped between 303.9 and 304.6. The last two 15m candles closed at 305.64 and 305.82, so that ceiling has given way.

Bias: LONG

A breakout from a multi-hour range with flat funding is a clean continuation setup. Old resistance near 305.5 should now act as support.

Invalidation: a 15m close back below 304.50 puts price back inside the old range and makes the breakout a fakeout.

Fresh contract with modest liquidity, and the underlying follows US hours. Size small.