In addition to having great potential, new coins also have great risks... more precisely, the volatility of new coins is usually greater when compared to old coins... the movement of new coins is unpredictable, because it is the effect of the lack of stability of the community that supports it, so that the accuracy of predictions can sometimes be far off...
We can get big profits from new coins, but we can also experience big losses... the ups and downs are due to volatility, we cannot state it as a correction or recovery.
In the early moment after listing, new coins have potential earn big profit but can't guarantee later after several weeks listing keep easily for growing up.
I keep away from new coins for investing after few weeks since listing because many new coins only fomo or get hype after few days listing and later get down or become stable lower coins price.
Not matter trade with new coins but must be careful don't be greedy or holding new coins for long term because bad potential will stable raise to higher price behind many new coins get bad reputation by easily going down.
As a trader following many of these new start up projects, I think most of these newly launched projects coins has failed to survive after two days pump. It is a known facts on the crypto space that the most speculative and hype projects has not been able to pump two for days without sell off or dump, for example, a notable numbers of meme shit coins has failed the investors.
Again, it is a good idea to hold some of the new listed except you have been able to had thoughly research these projects potentials, like team members identity and experiences; company white papers, project coin user case, development plans for the future etc.