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.
Agree, indeed we should be patient before deciding to buy. Many people assume that the coins listed on Binance will rise in price quickly even though it all depends on the product produced. Large exchangers such as Binance only connect investors with tokens so that if the tokens or coins are good, investors with large liquidity will easily get it