$BERA /USDT just launched on Binance, which explains the extreme volatility. The price surged from $1.00 to $9.76 before settling around $8.35.
Key Observations on New Token Launches:
High Volatility & Pumping
Many new listings experience an initial pump due to hype and FOMO (Fear of Missing Out).Early buyers and market makers push the price up rapidly.
Likely Correction
After the initial spike, a retracement or dump is common as early buyers take profits.Watch for potential support levels (e.g., $6.00, $5.00, or lower).
Liquidity & Order Book Movement
The order book is thin, meaning small trades can move the price significantly.Large sell orders at $8.40+ could act as resistance.
Trading Strategies for New Listings:
Short-Term Scalping
Take advantage of quick price swings with small trades.Use limit orders to avoid slippage.
Wait for a Dip
New coins often retrace before stabilizing.Ideal buy zones could be $6.00–$7.00 if correction occurs.
Avoid Buying at Peak
Entering near the high ($8.35–$9.76) could be risky if a dump happens.If price holds above $9.76, a breakout might occur.
Use Stop-Loss Orders
If you enter a trade, protect yourself with a stop-loss below key support levels.
Do you want me to track its movement over time or suggest a risk management plan?