New cryptocurrencies launching on Binance tonight: PROVE and TOWNS
Previously, I shared a post about how we should operate when new coins are listed, and recently some fans have come to ask me again.
Now, I will share the strategy again:
①: When a new coin is launched, it will first face airdrop selling pressure and market makers offloading. This is a necessary process that every new coin will go through upon launch.
②: Currently, the market is experiencing serious capital diversion, and there isn't much capital to support new coins; basically, they are all highly controlled currencies.
Out of ten new coins launched, eight are showing a downward trend, but this does not mean there is no room for operation. However, we must wait for the adjustment to end before looking for opportunities to enter.
For newly launched contracts, we can take a small position to short one lot, and for long positions, I will look for opportunities to guide fans to enter.
As for MYX, let's observe this coin for now; it seems a bit tricky!!
