TSLAUSDT
Here’s a deep explanation of what your screenshot of the TSLAUSDT Perpetual chart on Binance means — broken down into clear points with benefits, supported by reputable sources:#Write2Earn
📌 1. What is TSLAUSDT Perpetual?
TSLAUSDT Perpetual is a derivative contract that lets traders speculate on the price movement of Tesla stock (TSLA) without owning the actual shares. �
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It is traded on Binance Futures and settled in USDT (a stablecoin pegged to the US dollar). �
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Like crypto perpetual futures, it doesn’t expire — you can hold it as long as you want if margin conditions are met. �
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✅ Benefit: Gives exposure to a major traditional equity price via crypto trading infrastructure. �
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📊 2. Understanding the Chart Elements
🔹 a. Price Figures
In your screenshot you see:
Last Price: 439.91 / ≈123,007.63 PKR — this is the most recent trade price.
24h High & Low: 445.60 / 430.20 — highest/lowest prices in last 24 hours. �
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📍 This shows recent volatility and price range for this trading pair.
🔹 b. Candlestick Bars
Your chart uses candlesticks — colored vertical bars representing price data for a specific time frame (here 15 min). �
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Each candlestick shows:
✔ Open – price at start of time interval
✔ Close – price at end
✔ High & Low – wicks showing max/min prices during that period �
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📊 Large wicks (like in your screenshot) mean wide price fluctuation during that 15-min period. �
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📉 3. Why Prices Swing This Way
The big vertical red line (long wick) indicates that the price:
Dropped sharply momentarily to 430.20
Then recovered up near 439.91 within the same interval
This kind of movement can happen when:
🔸 Market liquidity is low → fewer orders to absorb buys/sells
🔸 Volatility spikes (like during news events)
🔸 Traders with leverage trigger liquidations
The combination produces long wicks showing extremes. �
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