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.
New coins listed in binance from vote results always experience a dump, because the coins are pumped before they win the vote
But if a coin listed in binance suddenly goes up in price, I think this is a very good thing to make a profit
Who guys received MVL coin for vote this coin i think they helps to suddenly dropped. But Binance launchpad projects so much stable when listed, Harmoney coin was long term stable. MVL listed binance its a hype so suddenly increased. I dont agree sudden increasing is a good thing to big profit in any exchanges. Even hype coin is risky for long term traders.