#BABYBONK
This analysis discusses a potential trading opportunity for $BABY, considering a recent liquidation event. Here's a breakdown:
*Key Points:*
1. *Entry Zone:* $0.0710-$0.0722 on a bounce with volume.
2. *Targets:*
- TP1: $0.0765 (first real resistance)
- TP2: $0.0808 (psychological and technical confluence level)
3. *Stop-Loss:* Below $0.0692 (to manage risk)
*Rationale:*
1. The $4.8K liquidation wick could lead to a healthier leg up.
2. Respecting the $0.0700 support level is crucial.
3. A V-recovery is possible if buyers step in post-liquidation.
*Trading Strategy:*
1. Buy in the entry zone on a bounce with volume.
2. Set targets at $0.0765 and $0.0808.
3. Manage risk with a stop-loss below $0.0692.