The Stellar pattern formed on the chart indicates a possible change in the balance of the market behavior.
The Stellar chart reveals a Wolfe Wave pattern, indicating a likely downward movement. After the formation of point 5, which is the lower point of the series of waves, a trend reversal is expected. The upper resistance line can be drawn through points 1, 3 and 5, and the lower support line through points 1 and 4.
As far as Stellar is concerned, it is recommended to focus on short positions. Entry can be executed both at the current prices and upon a possible return to the resistance line.
📌 Entry: 0.32487
✔️ First goal: 0.31288
❌ Stop order: 0.32678
