XLE 1H Long Setup

🔥 **XLE 1H Long Setup** — SPDR Energy Sector ETF

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“Energy bulls just tapped the gas at channel support — and the wick says it all. High-prob bounce off demand, riding it up to where the bears got clapped last time. Classic range-to-range flow. Don't sleep on it.”

### 🧠 **Technical Breakdown**

* XLE is trading inside a well-defined **ascending channel** (green zone = bullish midline support).
* Price just tapped into a strong **Demand Zone** at **\$84.30 – \$85.00** — historically defended area.
* Structure supports a **bounce play** toward the upper half of the channel.

### 🟩 **Demand Zone**

* **\$84.31 – \$85.00**: Multi-touch support zone + mid-channel base.
* Entry was sniped right at the bounce wick — showing buyer absorption.

### 🟥 **Supply Zone**

* **\$88.43 – \$89.94**: Resistance cluster + prior rejection highs.
* Perfect zone to TP on mean reversion within channel.


### 🧾 **Trade Setup (Long)**

* **Entry:** \~\$85.49
* **Stop Loss:** \$84.31 (below demand zone structure)
* **Take Profit:** \$89.00 (supply zone)
* **Risk/Reward:** \~**1:3**

*“Buy low in the fear, sell high in the greed.”* — Old trader wisdom


### ⚠️ **Disclaimer**

This is for **educational purposes only**. Not financial advice. Always DYOR and size your risk.