The trend of New coins.
Case in hand today: Alt coin.
Afew days back when ALt coin was launched, i posted my thesis about the behavior (call it trend) of new coins launched on Binance. I came up with my thesis after analyzing over 10 Newly launched coins in this bull run. I.e Meme, Ordi, JTO, Bonk, 1000sats, Ace, NFP, etc.
I postulated that when new coins are launched on Binance it's better to buy them on other exchanges before getting to Binance. Otherwise, once its launched on Binance it isn't advisable to join the hype because soon or later they start going down(technically called consolidation). A smart trader or investor should then wait and watch these coins in the consolidation. Once they break out of the consolidation, that's another opportunity to join the rally.
So as you might be all aware, Alt/Usdt has finally joined the trend. It started going down, first of all this is another opportunity for those who want to make short term gains by shorting ALt. If you are thinking long term however, you would wait for the end of consolidation and buy Alt again.
Check the consolidation pictures of other new coins and compare it with ALt and you see what i mean.
