Encryption | New Coin Hunter | Oct 3
The one new coin that really gets my fingers itching is $BTW . With a score of 56, it’s sitting in first place—yet bounce_atl has already surged to 265%. That means it’s rebounded more than two times from the lowest point. Meanwhile, DD is +64%, and it has already flown past the listing price.
Now it’s like an overshot small-cap. Chasing it is very likely to catch a falling knife, so I’m marking it to the watchlist and not touching it.
The real gold pit is actually on $OPG and $BILL . Their DDs are -70% and -61% respectively. After listing they were slashed in half, then cut again—but their bounces are still hovering in single digits. That suggests they haven’t really rebounded much, and the float/capital has basically been cleaned out.
CTR is similar too: DD is -52% but bounce is only 5%. A typical case of the bottom going stiff and waiting for direction.
In practice: $OPG $BILL (CTR) — these three I’ll each place a 1% position and wait for right-side confirmation with a volume breakout. If it breaks the prior low, I’ll admit I’m wrong and leave.
For something like $BTW (STAR), which has already run wild, I’ll just watch and not buy. For Binance’s new coins, 90% of the “life cycle” is: listing hype → blow-off top → plunge → zero.
Which new coin’s trap have you stepped into recently? Chat in the comments—my losses have been more than the sum of yours.
The one new coin that really gets my fingers itching is $BTW . With a score of 56, it’s sitting in first place—yet bounce_atl has already surged to 265%. That means it’s rebounded more than two times from the lowest point. Meanwhile, DD is +64%, and it has already flown past the listing price.
Now it’s like an overshot small-cap. Chasing it is very likely to catch a falling knife, so I’m marking it to the watchlist and not touching it.
The real gold pit is actually on $OPG and $BILL . Their DDs are -70% and -61% respectively. After listing they were slashed in half, then cut again—but their bounces are still hovering in single digits. That suggests they haven’t really rebounded much, and the float/capital has basically been cleaned out.
CTR is similar too: DD is -52% but bounce is only 5%. A typical case of the bottom going stiff and waiting for direction.
In practice: $OPG $BILL (CTR) — these three I’ll each place a 1% position and wait for right-side confirmation with a volume breakout. If it breaks the prior low, I’ll admit I’m wrong and leave.
For something like $BTW (STAR), which has already run wild, I’ll just watch and not buy. For Binance’s new coins, 90% of the “life cycle” is: listing hype → blow-off top → plunge → zero.
Which new coin’s trap have you stepped into recently? Chat in the comments—my losses have been more than the sum of yours.