In this bull market, many new coins first drop by 50% before V-ing back to new highs, which is a great way to shake people off.
$USUAL launched at 0.4, with a lowest of 0.2 and a highest of 1.6;
$MOVE launched around 0.9, with a lowest of 0.5 and a highest of 1.13 (except for the opening spike);
$COW surged to 1.0 a few days ago, dropped to a lowest of 0.58, and has now V-ed back to 0.9.
If you are optimistic about a coin, playing with spot stairs is the best method; otherwise, if you go slightly above 2x on contracts, you might get liquidated directly.