Steps to Short New Coins:

As mentioned before, the chip peak has become more pronounced since the frequent listing of new coins:

1. You need to determine whether the fundamentals are trash; the more advertisements and the bigger the hype, the better (for DeFi projects with real income and TVL, you should seriously research the airdrop, staking, and buyback situations).

2. The opening of Binance contracts is not the beginning of the shorting phase, but rather starts after the listings on Coinbase and Korean exchanges.

3. I personally use grids, but you can also use the middle band of the Bollinger Bands on the 1H or 4H charts as a reference.

Summary: For projects with trash fundamentals, the biggest threat when shorting is a sudden announcement of a new coin listing.