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.
There is no point in even using technical analysis and trading terms, those people are gambling, there is no way to know if a coin that is just being released is going to go up or down, you have no way to measure the strength of the market or the interest of investors, I do not even consider that FOMO, because FOMO occurs when you see a coin going up and you try to catch that movement too late when in fact many of those coins crash from the moment they are freely traded.