1. Pre-Launch Preparation • Research the Project: Understand what BIO Protocol is about. Check the whitepaper, team, use cases, and partnerships. • Monitor Market Sentiment: Check social media, Telegram, Reddit, or other communities to gauge hype or skepticism. • Set a Budget: Decide how much you’re willing to invest and never exceed it, especially with volatile tokens. 2. Launch Day Strategies • Avoid Initial Volatility: • Many tokens experience sharp price spikes and drops right after launch. Consider waiting 15–30 minutes for the price to stabilize. • Scalp Trading: • If you’re experienced, take advantage of quick price swings by buying low and selling high within minutes. This requires focus and a fast response time. • Buy the Dip: • After an initial surge, the price often drops. Look for opportunities to buy when it settles lower. 3. Short-Term Trading • Set Stop-Loss Orders: Protect your funds by setting stop-loss limits. For example, set it 5–10% below your purchase price to minimize losses. • Take-Profit Levels: Set realistic price targets to lock in profits (e.g., 20%, 50%, or 100% gains). • Use Technical Analysis: • Monitor support and resistance levels, volume trends, and candlestick patterns for clues on entry and exit points. 4. Long-Term Holding • If BIO Protocol has strong fundamentals and real-world use cases, consider holding the token for months or years to benefit from its growth. • Diversify your portfolio to minimize risk in case the project doesn’t perform as expected. 5. Risk Management • Start Small: Allocate only a small percentage of your portfolio to BIO initially. • Beware of FOMO: Don’t rush in just because of hype—wait for reasonable entry points. • Stay Updated: Follow Binance updates, project news, and social media channels. 6. Tools and Alerts • Use Binance’s alert system to get notifications about price changes. • Track trading volume $BIO #BIOOnBinance