THE DEAD CAT BOUNCE IS OVER
$GALA
Let me tell you a story about a cat. If you throw a cat out of a 50-story building, it does not just splat on the ground. It bounces. It bounces once, maybe twice, before it finally hits the ground and dies. In trading, we call that a "dead cat bounce" – a small, temporary recovery in a falling market before the downtrend continues. That is exactly what GALA is doing right now. This 6.5% pump is not a trend reversal. It is a dead cat bouncing. I know this because I am looking at the MACD indicator. The price is going up, but the MACD histogram is making lower lows. That is a massive bearish divergence. It means the underlying momentum of the coin is still negative, even though the price is temporarily green. The buyers are weak, and they are running out of steam. This bounce will fail, and the price will drop again. I have shorted GALA at 0.002164, and I am targeting 0.0019. Do not be fooled by the green color. Green does not mean safe. Green can be a trap, and in this case, it is a very obvious trap. The cat has bounced, and now it is coming down for the final time.
$GALA
Let me tell you a story about a cat. If you throw a cat out of a 50-story building, it does not just splat on the ground. It bounces. It bounces once, maybe twice, before it finally hits the ground and dies. In trading, we call that a "dead cat bounce" – a small, temporary recovery in a falling market before the downtrend continues. That is exactly what GALA is doing right now. This 6.5% pump is not a trend reversal. It is a dead cat bouncing. I know this because I am looking at the MACD indicator. The price is going up, but the MACD histogram is making lower lows. That is a massive bearish divergence. It means the underlying momentum of the coin is still negative, even though the price is temporarily green. The buyers are weak, and they are running out of steam. This bounce will fail, and the price will drop again. I have shorted GALA at 0.002164, and I am targeting 0.0019. Do not be fooled by the green color. Green does not mean safe. Green can be a trap, and in this case, it is a very obvious trap. The cat has bounced, and now it is coming down for the final time.