$XLE reported 64.8, up 1.013% in 24 hours, funding rate back to zero, open interest 8228. The political and regulatory signal is unclear, and long/short positioning in the energy sector is balanced. A funding rate of 0 means there is no overheated one-sided sentiment. Energy stocks are maintaining a narrow-range consolidation amid policy swings; trial position size should be kept within 5% of total holdings, and stop loss should be set if it falls below 63.5. If an unexpected tariff boost pushes it above 66, this view becomes invalid and position size should be increased in the direction of the trend.

Trading tag: #TradFi #链上美股 #XLE

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