Warning: never buy a new listing in its first 5 minutes. Why? 🤔
Because you are not the customer in that candle. You are the exit.
The first minutes of a listing are the thinnest liquidity the token will ever have. Airdrop farmers are selling, market makers are still finding a spread, and your market order eats every bad price on the way up.
What patient traders do instead:
1) Wait for the first real range to form
2) Size for a 50% drawdown, because new listings do that casually
3) Write down invalidation BEFORE entry, not after the wick
"But it might run without me." Yes. Missing a trade costs 0. Being exit liquidity costs real money.
What's the worst listing candle you ever bought? Confess below - I'll go first in the comments.
#Crypto #TradingTips #Altcoins #RiskManagement $BTC $BNB
Because you are not the customer in that candle. You are the exit.
The first minutes of a listing are the thinnest liquidity the token will ever have. Airdrop farmers are selling, market makers are still finding a spread, and your market order eats every bad price on the way up.
What patient traders do instead:
1) Wait for the first real range to form
2) Size for a 50% drawdown, because new listings do that casually
3) Write down invalidation BEFORE entry, not after the wick
"But it might run without me." Yes. Missing a trade costs 0. Being exit liquidity costs real money.
What's the worst listing candle you ever bought? Confess below - I'll go first in the comments.
#Crypto #TradingTips #Altcoins #RiskManagement $BTC $BNB