#Altcoins IMPORTANT (read everything): New people must understand that a new coin will always drop in price when it is listed.
Consider and keep this simple advice:
Scenario 1 (the most common: garbage)
Coins have pre-market either on Binance or on the team’s website. This means that thousands of people already have tokens and sell them when it is listed. That’s why the price drops, there is high selling pressure.
Scenario 2
A good coin with a solid project, although it may also drop, may also see liquidity (money) injected by the team of investors and experience a significant rise.
Conclusion: Find out on the website about the project, how much money they have raised, and if the investors are known and sufficient.
Don’t waste time blindly buying something new. Wait for the selling pressure to hit bottom and buy by splitting your balance (never all at once).
Another thing, and no less IMPORTANT, is that you must know that both the team behind the project and some large investors also hold large amounts of coins and use automated software to sell and buy. This means that the trading bot will automatically wait for the order to sell in parts when the price rises and to buy again when it drops.
That’s where you lose, because the software executes operations at high speed and does not give you time to act. (You can use DEXSCREENER, for example, to see this) Look for the coin to review and check the addresses that buy and sell and how they do it in real time.
Always wait for calm, check the buying and selling volume, take the necessary time to investigate the project, and always be supported in COMMUNITIES or FORUMS. Never alone!!