The new coin has just launched
A generally advises friends to wait and see first, and wait for stability before taking action.
Those who understand, understand! When a new coin is just launched, a bunch of people looking to make quick gains are waiting to sell, and the market simply doesn't have enough funds to take over, so it can't sustain the current price.
If you compare the market capitalization of recent new coins, if there is no major institution backing, those with a market cap over 100 million are basically inflated.
Moreover, private placements and early institutional investors have already made profits and exited, and the project team is cashing out, which naturally leads to a direct price drop. Therefore, when a new coin launches, do not go long. Operate prudently and wait for a clear downward trend before entering short.
Comparing with previous new coin $PUMP , after the launch, the project party directly cashed out and profited, leading to a strong panic sell-off in the market.
New coin operation strategy: Wait and see after launch -- a rebound is an opportunity to short!!!
Yesterday, I set up a short position with $ZORA , and it is currently continuing to drop. The target of 0.06 should be no problem, and if there are any changes, I will notify in a timely manner.
