Many members had already answered with almost the same context of "demand and supply" but you should consider thinking about what causes a highly new token's high demand or high supply and vice versa. Because as Dr.Bitcoin_Strange has already mentioned the listing price of a token can move up or down immediately after the listing. But i would like to mention important factors that caused a token price;

• Hype that creates high demand
• Circulating supply which of sui is 5% and it is less supply that increases the price for the short term
• Listing of tokens on recognized CEXs that can be easily accessible by most of the crypto maniacs.
• Who are the investors and partners of the project
• Use-case of the project, like, does it meet the new trend?

No, you should not do that because who knows to which extent a candle will go like the listing price of sui let's take was 1.37$ something, and then if the weight of buying is more than selling in the first candle then its price will always go up like for sui it goes up to $4 dollars and then in the same candle it came down to $1.3.  This indicates that we should not play with fire and should wait to cool it down. Because what if for the sake of profit, you bought it for around $4 dollars and that was the maximum potential it have to touch and after that, it never tries to break that potential then what will you do rather than bear the pain?

So play cool and be patient.