GALAUSDT and ADAUSDT on the 30-minute (M30) timeframe
2025-01-29
Category: None

Based on the provided chart analysis of GALAUSDT and ADAUSDT on the 30-minute (M30) timeframe, here are the key insights:

 1. Trend Direction
 GALAUSDT (Left Chart):

The chart clearly shows a downtrend, with strong selling pressure before a rebound from the Demand Zone.
The EMA 200, EMA 100, and EMA 50 are still pointing downward, indicating that the recovery is facing resistance.
If the price breaks above the key resistance level at 0.02862 - 0.02910, it may continue toward the 0.5 or 0.618 Fibonacci retracement levels.
ADAUSDT (Right Chart):

The primary trend is also bearish, with the price making new lows before rebounding.
There is a key resistance zone at 0.9280 - 0.9358, where selling pressure might return.
If the price can hold above this zone, it may move towards the next resistance at 0.9453 - 0.9510.

 2. Trading Approach
 GALAUSDT:

Entry (Long): 0.02703 (Demand Zone)
Take Profit (TP) Levels: 0.02862 / 0.02910 / 0.02959 / 0.03029 / 0.03071
Stop Loss (SL): 0.02605
If the price breaks below 0.02703, further downside risk could push it towards 0.026.
ADAUSDT:

Entry (Long): 0.9030 (Demand Zone)
Take Profit (TP) Levels: 0.9280 / 0.9358 / 0.9435 / 0.9510 / 0.9685
Stop Loss (SL): 0.8875
If the price drops below 0.9030, it may test the 0.89 - 0.88 support levels.

 3. Risk Considerations
 The market is still in an overall downtrend, making long positions riskier unless a clear trend reversal occurs.
Watch for price action at resistance levels—if reversal signals appear, it may be better to reduce risk or exit early.
Stop Loss (SL) and Risk Management are crucial to prevent excessive losses.
Conclusion
Both assets are rebounding from key support zones, but resistance levels could halt the recovery.
Trading strategies should focus on low-risk entry points, such as waiting for confirmation from candlestick patterns or indicators.
If resistance levels hold, prices may reverse downward to retest support zones.

 Recommendation:
 Use Stop Loss and proper risk management since the overall trend remains bearish.