Never buy any NEW COIN on its FIRST LISTING DAY. On that day, the price always starts at an all-time high (ATH), with a momentary bullish trend that lasts for just a few hours.

Afterwards, there is a significant dump from all the initial holders of the coin, causing the price to fall sharply.

Then everything stabilizes after at least one to two weeks.

At that time, you can buy, especially if you want to buy and hold.

That's my observation.

Just go to a new listing and see their charts; you will see a similar trend.

This happened on $NOT and almost all new listed coins.