I’m not sure if bot is possible to use to CEX but one thing is for sure that many traders is carefully watching for newly listed token since there’s a countdown for it on the exchange itself. Imagine having thousands or millions of traders doing the same waiting for the coin to list with the same goal of buying immediately when the countdown ends. I’m sure the price will surely skyrocket since most of them use a market order to immediately fill their order.
I was also waiting for the reversal of the countdown, but I was very surprised at the speed with which the first candles went up.
Possibly market makers are the one open up a huge liqyidity on it. I like to buy ace too at lower price like 1 or 2$ but its just a split second to seen that price level and become two digits right away.
Really! I did not have time to upload the web page for the trading that the first candle was already very high...
What I think Most investors do is a fundamental analysis before each listing, with this knowledge most people already have the coin/token in some low cost exchanges and have already make transfer to this big exchanges prior to them been traded. Then they set high sell price on limit order and not fill market order. Most of the people that miss out fill the market order and when supply gets limited it pump the price in minutes. I don’t bother chasing this stuffs because they are just waste of time. If they happen to be a bot everyone will use it and some will still miss out.
I saw that Binance proposes a preliminary accumulation method via launchpool. It was also done for ACE, if I saw it before I would have participated. From today I will also keep launchpool under control.
What you are saying is correct; in fact, I have taken advantage of most of the newly listed on Binance before, as I always target the market a few hours or minutes after they are listed with little trading volume. I always pump in a few dollars and allow the market to stabilise maybe a few hours later or a few days later, and then I will most times realise about 40–80% profit from my initial capital.
This approach is interesting, now I try to study the graphs of the latest listed coin. Do you have any particular patterns that when you see them lead you to open an order?
You should know this first thing that we cannot compare the forex market with the crypto market, they are different things entirely despite they both have the similarities of currency pairing, also, we have to know that some coins can rise as fast as possible only when they are successful after launch, some may also take time to achieve a tangible milestone after the launch before they peak up.
Yes you are right. Let's say the Forex market is a decidedly more peaceful sea. The world of Crypto, on the other hand, is very agitated.
forex is very different but the stock market is more comparable to crypto.
Maybe the stock market will be my next step
This has been the trend for a while now hence it has become like a norm that once the coin is listed in Binance it pumps like crazy and then it starts dumping with heavy fluctuation between pump and dump, in next few days the coin will hit rock bottom (This is the sweet spot), post which we see the coin pumps by 2x to 3x. This might not be the case with all the coins but I have observed this pattern in most of the coins which are listed in Binance. Hence I rather started focusing on increasing my chance of earning profits than trying to figure out if it's a bot manipulation by exchange or something else.
In the forex market, the exchangeable currencies have always been the same for decades, so I landed in the Crypto world I have remained intrigued by the dynamics that occur during a coin/token listing. In any case, I will try to focus more on the evolutions that follow the listing.
Thanks for the answers!