Quote from: InwardContour on February 21, 2020, 05:55:02 PM

Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes. This was the case with LTO too. My little advise to traders, (especially newbie traders) is to analyze properly before diving into buying a newly listed coin on Binance especially and other exchanges with such hype. Even if you must do, use tight SL and moreover there is no point chasing a moving train.

I would expect such price loss because the project got listed for free, it's a different story if the project conduct an IEO on binance, investors just will definitely take out profits, your advice ain't bad but it's pointing to free listed coins