#数字资产动态追踪 How to avoid pitfalls when trading new on-chain tokens? This onboarding guide is a must-read

Penny coins and new tokens are everywhere. Want to buy the dip but keep getting cut? What's the core issue? Most people are making the same mistake—blindly following KOLs' calls.

The logic behind this is harsh: when you see a big influencer promoting a coin, they've already laid out their position in advance. When you jump in, you're actually providing liquidity for them—roughly speaking, becoming the bagholder. Who will buy your chips? The next wave of new investors. So the problem isn't about chasing highs or lows; it's whether you're the last one holding the bag.

The approach to finding coins should be reversed: don't chase those already at the peak; look for those just starting to rise, before the hype fully explodes.

**Two-dimensional screening methods**

For intraday trading, I use the popularity ranking. Focus on coins that jump into the top ranks within 2 hours of listing—these are usually still in early stages, with some engagement but not overheated. Conversely, if an old coin suddenly surges to the top, be cautious. This is often a game of counter-orders, and retail investors entering are likely to get caught in a trap.

If you want to hold longer, your mindset needs to shift. Look at the daily chart's popularity rankings, especially coins that consistently appear in the top 5 and are still rising in price. Coins like Pandora, Troll, and similar "big gold dogs" have maintained their position through continuous dominance. This longer time frame can mean bigger fluctuations, but if the direction is right, the profit potential is greater.

**Tools are just aids; thinking is the key**

In the beginner stage, combining data from these two dimensions can help you avoid most traps. But remember, tools only provide data; the final decision is still in your hands.

An extra tip: before entering, ask yourself three questions—what's the liquidity of this coin? Is the price volatility abnormally intense? Are the real participants behind the trading volume retail investors or counter-orders? Clarify these, and your chances of getting caught will decrease significantly.