Promotions like BABY’s airdrop and USDT rewards often create FOMO-driven volatility. Here’s how to trade these-driven moves:
Key Observations:
Initial Surge: Expect a sharp price increase as traders chase the airdrop. Use this as an opportunity to sell if you entered early.
Pullback Potential: After the initial rally, BABY may retrace to test support. Use this dip as a buying opportunity.
Liquidity Check: Ensure there’s sufficient liquidity to exit positions quickly during high volatility.
Actionable Tip: If BABY pulls back to $0.03 post-promotion, consider a long position with a tight stop-loss at $0.025.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.