#XLM follow up

Falling below the support level from the previously formed wedge means that the direction will be down and looking towards the next monthly support level of 720 satoshis. This is a very strong support level and one of the lowest prices in a long time for #XLM. In my opinion it will go and test that support level before recovering to the previous monthly support of 2130 satoshis. Current prices seems to be a good entering point for long term trading. Keep looking at the descending wedge that has been pretty much the driving force of the current move, wait for the next move and break of it before getting aboard.

_{Tradingview image}

You can check trading view post idea for future reference and keep an eye on it to see how the move evolves.

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@raserrano - Developer

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