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Stellar Lumens XLM Dumped Once Again But Still Has Big Potential To Make More Millionaires Hi friends hope you are well and welcome to the new update on XLM: **Fake-out:** On a 4-hr time frame, a few hours back XLM was breaking out the down channel but in fact it was a fake-out. Because, after breaking out while re-testing the previous resistance of channel as support stellar has re-entered the same channel.

**Long-term support zone:** Now there is a long-term support zone that starts from $0.18 and goes to $0.16. Right now priceline of Stellars is moving in this zone. This support area has been working as strong support and resistance since Mar 2018.

**Huge wedge formation:** On the monthly time frame, there is a huge falling wedge has been formed. Previously in the same time frame, XLM broke out a big channel and started a big bull run. Therefore, after breaking out the current wedge we can expect the same move.

**Conclusion:** In the short term, there is a sell-off, but in the long-term XLM has a huge potential to start a massive move. **Note: Above idea is for educational purpose only.**

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