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.
Even if you must do, use tight SL and moreover there is no point chasing a moving train.
Ive seen how the coin pump during the time it was still on voting session. I know that most coins during coin vote session pumps hard. From 20 sat to 50 sat the price of this MBL and when it got listed it go down to 30 sats. Anyway I like your advise but market is really crashing like hell especially if the whales are keep interrupting and manipulating the price at will.
Not only in Binance, but in most exchange this happens. When a coin listed, it goes up too quickly, probably the team members pump it artificially, and then the FOMO hunter gets all it dumped.
Hunters? This isnt about bounty. The project was nominated in Binance community voting and win. The timing of dumping as stated could be worse to those who FOMO and bought at maybe 50 sats. Dont just butt in if the topic youre talking is out of discussion.