Recently, the Korean exchange Upbit listed new coins for three consecutive days, namely AUCTION, STG and Beam. These tokens all started to soar after they were launched.
There are rumors that Upbit may list a large number of coins in June.
Many people think that they should go long as soon as they see a coin listed on Upbit, and then go short a few hours later, first taking advantage of a wave of gains, then a wave of losses. Is this a reliable strategy?
Let us observe through data how to use some of Upbit’s listing rules to trade, so as to improve decision-making quality and increase trading success rate.
How is the price trend after listing on Upbit?
On May 29, Upbit announced the launch of AUCTION. 
AUCTIO surged 50% in 5 minutes after the announcement of its launch. It reached a short-term high 15 minutes later and then fell. After that, it entered another uptrend, but did not break a new high, and then fell again.
On May 30, Upbit announced the launch of STG. 
Upbit surged 44% in 5 minutes after the announcement of the launch. It continued to rise and reached a high point in 2 hours, with a maximum increase of 65%. Then it fell all the way.
On May 31, Upbit announced the launch of Beam. 
Upbit surged 38% in 5 minutes after the announcement of the launch, and then fell. It rose again in about 2 hours, and then generally showed a downward trend.
What is the price pattern after Upbit lists a coin?
Through analysis, it is not difficult to find that after Upbit listed the tokens in the past three days, the tokens have skyrocketed in a short period of time, and the first wave of increase was completed in about 5 minutes.
After 5 minutes, the 3 coins behaved differently, with one coin rising to its high point within 2 hours, and the other two coins rising for the second time within a few hours.
However, after the second pull-up, both tokens started to fall.
How to use Upbit’s rules to improve your winning rate? In fact, I think it’s better to use the rules to improve the quality of decision-making and reduce losses rather than to improve the winning rate.
First of all, if you want to buy coins based on the news, you must do it quickly, at least within 5 minutes, or even within 3 minutes, the faster the better. After 5 minutes, the probability of being trapped increases.
Secondly, if the buying position is not very good, within 2-3 hours, the token will either continue to rise or usher in a second wave of rise. This is a critical period for escape.
Finally, if the token does have a second wave of growth, and it does not exceed the first wave of growth, and the second wave of growth is weak and starts to fall, then there is a short opportunity. From the data, if you are not a quick shooter and can get on the train within 5 minutes or even 3 minutes, then this is also a position with a relatively high winning rate. However, you need to be a futures player.
Overall, the impact of coin listing news will decrease over time, and the token will rise due to the listing effect, but will fall again after the peak.
Why has Upbit been listing coins continuously? According to Wu Blockchain, the recent large number of Upbit listings may be related to the new regulations in South Korea in July, namely the "Virtual Asset Investor Protection Act" that came into effect in South Korea in July. After it comes into effect, there will be more complicated rules for listing coins, and virtual assets with a history of hacker attacks will be prohibited from being listed.
We can probably guess that Upbit will continue to list a large number of coins in June!
Grasp the rules, don't jump in blindly, and lose less money.
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