I wouldn't recommend rushing to buy newly listed tokens atleast not as early as immediately though. Yeah, strongly because there's always price retracement anytime a new token is listed so I usually wait for that cool off period to DCA. Also I don't just crowd pick any exchange for buying new tokens; I go with exchanges with proven high liquidity. I remembered when LADYS broke out on Bitget; I DCA with $80. I was almost given up when other exchanges started listing and boom, I was $400 richer.
That's not all, I also got almost $600 ROI on CGPT!! It's just my strat of always waiting for a support after listing a popular projects that gives me a win always