UAL/USDT on MEXC: United Airlines perp stuck under 98.60 since Friday's selloff

UAL/USDT, MEXC's United Airlines perp, has been capped below Friday's bounce high all weekend. Data from the MEXC contract API near 12:50 AM ET Sunday; the chart is Friday's 5 PM ET snapshot.

What the contract is

A USDT-margined perpetual on United Airlines shares. Open since 8:56 AM ET Oct 22. Contract size 0.001 UAL, up to 20x, 0% maker / 0.02% taker.

Weekend tape

• Last 98.24, index 98.07, up 0.31%
• 24h range 97.88 to 98.58
• Funding +0.0147% per 8h
• Turnover about 104K USDT

Levels I am watching

Friday dropped from about 102 to 96.42 at the cash open and the bounce stalled near 98.5. The weekend range sits right under it. Short below 98.60 targets 96.42 again; an hourly close above 98.60 invalidates.

Risk notes

Airline names move on oil prices and weekend travel headlines. Any of these can gap the share at Monday's open. Thin book, so use limits and small size.