Just spotted a fresh token launch worth checking out. MIKE dropped recently and the early chart patterns are showing some interesting momentum.

Before jumping in, here's what matters: Do your own technical analysis first. Look at the liquidity depth, holder distribution, and volume trends. New launches can be volatile – that's both opportunity and risk rolled into one.

A few things to watch:
- Initial price action in the first 24-48 hours usually sets the tone
- Check if there's organic community growth or just bot activity
- Verify contract security (always)

The key isn't chasing every new token that pops up. It's about developing a consistent framework for evaluation. Most traders lose money because they lack a systematic approach to entry and exit points.

Whether you're scalping or holding, have a plan before you click buy. What's your target? Where's your stop? Answer these first.