Yes, you wind up from the bottom up as it does not have a crown.
You need a thick cord.
Put one or two wraps on the tip going down, come back up over them and add a new wrap between the body and the tip, pulling hard. This should give you a good base to do the rest of the wrap.
I think there is a video of Larry showing a similar technique for another ethnic top.
You can throw it as a regular top or you could use one of the methods shown on the video: those are sasebo komas from the same region as the higo koma.
However, each style of throw may require a different length for the wrap.
When mine arrive from Japan I could make a video, but you'll get the throw before that.