After Luna and UST collapsed I just stopped trading it all together. Basically a highly manipulative market.
I remember when there was word that Binance will stop trading and a few hours later it said it would relaunch trading and decided to stay out of it. Nothing more than a pump and dump and very volatile.
The funding rates were also crazy from time to time. So you end up taking a high percentage for a trade that is against you.
Any trading inside a panic sale has absolutely nothing to do with trading, it's a real casino. No analysis works during such periods and it is impossible to predict anything. I have seen many people trying to place orders for quick rebound opportunities but quickly catching liquidations or stop loss triggers. Once UST lost its tether, then those 2 tokens were already completely unmanageable.
People should realize this but they do keep on doing it because they are really trying to push that rebound and long green candles would happen on situations or scenarios like this but as mentioned
that they do rather end up on facing triggered SL's and being liquidated.This is why im not really that fan on following into those listing events or getting myself get caught on these conditions.
You wouldnt know on what would happen but in most cases it would really be into those situations been mentioned above. No analysis or patterns will really work
thats why always presume for most common result or things happen.