My strategy for the new altcoins listed on exchanges is very simple.

1. Altcoins that rise from low market cap on-chain with a lot of profit-taking, once they surge due to market sentiment on CEX, will inevitably be dumped. Most manipulators can't sustain the price themselves, especially those that emerged from Solana (BSC is generally more cautious because BSC naturally has poor buying volume; those that come out from on-chain are mostly manipulated and forced up. If they are listed and the market cap is light enough, they might be able to support the price and then push it further up with a short-squeeze strategy, but most of them will follow the strategy of dumping once they hit CEX).

2. For tokens with high open prices on Binance contracts and spot markets, the manipulators usually wait a few days for retail buyers to push the price up, and then they start dumping. This kind of situation depends on chart patterns and trading volume to judge when the project team starts to offload.

3. If the project team is strong enough, and you see that the Korean community is making noise and doing well, it might get listed on Binance and then also on Upbit. Such manipulators usually aim for listing on Upbit; before listing there, they will try to support the price. Even if they distribute, it won't be too aggressive. The moment it lists on Upbit is the best time to short because once it achieves its listing goal, with such a large buying volume coming in, they can't possibly avoid dumping while continuing to push the price for incoming retail investors. You can look at the chart of Kaito Virtual Sign for the days following its Upbit listing.

Of course, there will be exceptions like Layer that keeps pushing up consistently, but even after Layer's first wave of listings, they will first dump to lighten their position before pushing the price up. So after the first wave of shorts, just look for new shorts. There's no need to stubbornly short once they've washed out their positions and started pushing up for the second wave.

The above is the general logic. When shorting, it is still essential to consider the current market sentiment and liquidity, the project's fundamentals, and the opening price comprehensively, as these reflect the overall market-making strategy of the project. For example, if market liquidity is quite good, and you see a project with a particularly low market cap and decent fundamentals at open, such manipulators definitely have tricks up their sleeves, so don't stubbornly short it. Instead, look for soft targets to squeeze. 😂