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.
One of the reason for it is most of the people expect the price of the coin to exponentially increase on being listed on binance. And if you watch the price movement before the listing, the coins that comes in voting gets a good buy order increasing the price in every other exchange they are listed on. So, its basically the correction in price rather than anything else.
The strategy for trading are same for large rise and fall of a coin compared to others, don't buy when the price is unnaturally inflated.