Binance Lists New Coins? My Practical Strategy Sharing!
Every time a new coin is listed on Binance, the market is always buzzing, but risks are ever-present. Below are my summarized methods for coping, simple and straightforward.
Operation Steps Breakdown:
1️⃣ Watch first, don't act:
In the first few days after a new coin is listed, the price fluctuations are like a roller coaster, so don’t rush to buy. Keep an eye on the price trends for 3-4 days, and wait for the market sentiment to cool down a bit before making a move.
2️⃣ Don’t let “fear of missing out” cloud your judgment:
Many people go crazy buying when a new coin is just launched, only to see the price potentially plummet instantly. Remember, don’t let market emotions lead you; wait for the hype to die down before looking for opportunities.
3️⃣ Focus on the lowest point:
In the price fluctuations of the past few days, the lowest point often indicates the market's “support level.” For instance, if the new coin bounces back repeatedly after dropping to a certain price, that position might be a relatively safe buying point.
4️⃣ Buy in batches as planned:
Wait for the price to stabilize; don’t chase the peak but wait for it to drop near the support level before buying in batches. For example, set a limit order slightly above the lowest point to avoid going all in at once.
Are you trapped? When to bottom fish? As always, when you feel lost and helpless, don’t know what to do, tap on my avatar and comment. I need fans, and you need references.
