An Opportunity to Sell Stellar in the Long Term

Stellar continues its strong downtrend after breaking previous buying levels amidst a significant sell-off in the cryptocurrency market.

Currently, the outlook remains positive for the cryptocurrency's continued decline in the long term. Therefore, it is advisable to focus on identifying selling opportunities.

Expected Selling Zones

Currently, following the break of previous buying levels, selling zones have formed in the same areas. These buying zones have now become "flip" zones, a reversal of roles, making them the most likely selling points.

The selling zones are located near the 0.1972 level. If these levels are tested, a drop to the specified targets of 0.1800 and 0.1500 is expected.

This bearish outlook will be invalidated if a full daily candle breaks and closes above the identified selling zones.