TSCO/USDT stock perp live on MEXC: Tractor Supply

TSCO/USDT on MEXC, a quick read for traders.

What it is: a USDT-margined perpetual tracking Tractor Supply, the US rural lifestyle and farm retailer. No expiry, settled in USDT, contract size 0.01 TSCO, up to 20x, fees 0% maker / 0.02% taker. MEXC opened it at 8:55 AM ET today.

Structure at 5:00 PM ET: last 33.34, index 33.42, fair price 33.39, down 0.71%. Range 33.03 to 34.74. The first 15m candles spiked to 34.74, then price bled lower all session with lower highs: 34.72, 34.50, 34.10, 33.83, 33.79. The cash-session low was 33.04 at 2:30 PM, and an after-hours wick tagged 33.03.

Liquidity: about 46.9K USDT of 24h turnover and about 60.9K USDT open interest, which is large relative to volume for a day-one listing, so positioning is building.

Funding: -0.0142% per 8h. Shorts pay longs, so the short side carries a small cost.

Bias: SHORT. The trend is lower highs from the open, and the 3 PM bounce stalled near 33.67. Downside reference is the 33.03 low. Invalidation is a 15m close above 33.70, which would break the lower-high pattern.

Risk: the US cash market is closed, so the perp trades on thin after-hours flow and can gap at the next open. Liquidation runs off fair price, not last trade. Use limit orders, isolated margin and small size.

NFA

Bias: SHORT, lower highs since the 34.74 open spike. Invalidation: 15m close above 33.70. NFA