As soon as a new cryptocurrency enters the market, especially avoid buying based on the first 3, 10, or 15-minute candlesticks.
History says that as soon as many new coins enter the market, their prices drop rapidly. The main reason for this is "Airdrop Holders" or early investors who received the coins for free or at very low prices, they take profits.
Sell off. As a result, new buyers in the market may face significant losses.
Examples like $HEMI, $FF remind us that this drop in initial price is a common trend.
Wait for the initial intense volatility to pass without rushing. Be cautious not to become a liquidity provider for the early holders to exit.
The main point
Avoid buying during the launch of new coins (3, 10, 15 minutes).
2Z
0.11284
-4.31%
ALPINEUSDT
Perp
0.5519
-2.45%