🔥🔥🔥Binance is about to launch two new spot markets: $PROVE $TOWNS
Many partners do not know how to operate with this new coin launch, so I will analyze it for everyone.
1. In the initial stage of a new coin launch, it generally faces dual selling pressure from airdrop dumps and market makers' sell-offs. This is an inevitable stage that almost all new coins experience upon launch and is a normal market reaction.
2. Currently, market funds are severely dispersed, and overall liquidity is weak. New coins lack sufficient capital support and are mostly highly controlled by project parties or manipulators, resulting in extreme fluctuations and unstable trends.
Overall, after the launch of new coins, eight out of ten will enter a correction phase, but this does not mean there is no room for operation— we just have to wait for sufficient adjustments and clear signals before looking for opportunities to buy low or rebound, and we must avoid blindly chasing high prices.
Pay attention today: $MYX
