Recently, there have been a lot of these types of coins. As soon as they go live, they plummet all the way down, with huge drops that are outrageous. Then suddenly, they experience a quick surge. This is basically a sign of heavy manipulation by the market makers—concentrated chips and very little selling pressure. But if you really want to participate in this kind of market, risk management must be done well.

The trap for bulls is this: a big bearish candle can come at any moment, directly smashing the bottom. One careless move could mean chasing the high and getting trapped. As for bears, don’t think you can make steady profits; forcing a dead coin to rally hard can easily trigger a short squeeze and liquidation. Both directions are prone to trouble.

To put it simply, trading without stop-losses is like gambling. If the market suddenly moves against you and you haven't set your stop points properly, wiping out your account is no joke. No matter which direction you trade, stop-losses always come first. For these highly volatile coins, it’s especially important to develop this habit, or you could lose everything in minutes.