The most eye-catching ones in recent times are AUCITON, BEAMX, and STG.

These three tokens all started to surge after they were launched on UP. Among them, we got STG! (See Figure 1)

These three coins completed the first wave of rise in about 5 minutes!

After 5 minutes, the three coins performed differently. One coin rose to a high point within 2 hours, and the other two coins had a second rise within a few hours; however, after the second rise, both tokens began to fall.

So many people think that as soon as they see the coin listed on Upbit, they will open a long position, and then open a short position after a few hours, first taking a wave of gains and then a wave of declines. Is this a reliable strategy?

Answer this question and the points we need to pay attention to.

First, if you want to buy coins based on the news, you must be fast, at least within 5 minutes, or even within 3 minutes, the faster the better. The probability of being trapped increases after 5 minutes.

Secondly, if the buying position is not very good, within 2-3 hours, the token will either continue to rise or usher in a second wave of rise, which is a critical period for escape.

Finally, if the token does have a second wave of gains, and it does not exceed the first wave of gains, and the second wave of gains is weak and starts to fall, then there is a short-selling opportunity.

Overall, the impact of coin listing news will decrease over time, and the token will rise due to the coin listing effect, but it will fall again after the high point.

#STG #AUCTION #BEAMX