Looking at the we can see there is no significant trading in stellar at this time - this is an overall bad sign. Also the death cross is uppon Stellar as is happening with many other cryptos (possibly will not have a huge impact ), but I´d like to see some support on the 200 MA before commiting to a trade.
Recently the 200 day MA has been broken without offering significant support (only one bounce), and has shown to be resistance on one ocasion. The is approaching a significant point, that has been reactive as ressistance and support on previous occassions. In my opinion I can´t see significant traction to overcome this barrier at this time.
Currently the 78.6 % is offering support, and if this is broken we are likely to slide down to the 88.3 %, which is a common point for cryptocurrency retracements.
At the moment I can´t see justification to put my money into Stellar with so little and bears dominating this space. If I were to be very on this crypto, I could look for a daily low and place a stop loss below the 78.6, but personally I will wait for a bit over the 88.3%.