Adorable baby! I might be tempted to see if a subtle re-cropping might make it look a bit better; honestly, your WHITE watermark up there in the field on the left is distracting...VERY distracting; positioned against the background like that, your watermark becomes a HUGE "element" of the overall composition...it is placed in one of the absolutely most-critical places within the space...it doesn't fit in well there...it really kind of ruins the shot.
Cropping off the bottom of the wire basket...ummm...not sure about that. I think cropping some space off the left side, and moving the baby a bit more to the right and adding a bit of space on the bottom to include the very bottom of the wire basket MIGHT improve the final composition...hard to say definitively though, W/O the full frame to look at. The lighting seems fundamentally sound, and very delicate...the lighting scheme is very nice! As a square composition, I think this looks pretty good, but again, the white watermark layed over the pink and placed into the MAIN background are is competing VERY strongly with the baby...a black WM, lower right would be culturally more appropriate and less-distracting by far, and would not "steal from" the image nearly so much.