$ZEC
Reports confirm a $36.13M short loss. The $437 figure refers to reported spot purchases, rather than a verified short entry.
ZEC reclaims $1,500 as Garrett Jin reportedly closes a three-month short with a $36.13M loss.
Short covering adds buying pressure, but sustained upside needs fresh demand.
Price is testing R1 $1,535 after forming higher lows. A breakout and successful retest would support further upside.
S1: $1,500
S2: $1,470
Losing $1,500 raises pullback risk toward $1,470. Avoid chasing near resistance. #shortzec
Reports confirm a $36.13M short loss. The $437 figure refers to reported spot purchases, rather than a verified short entry.
ZEC reclaims $1,500 as Garrett Jin reportedly closes a three-month short with a $36.13M loss.
Short covering adds buying pressure, but sustained upside needs fresh demand.
Price is testing R1 $1,535 after forming higher lows. A breakout and successful retest would support further upside.
S1: $1,500
S2: $1,470
Losing $1,500 raises pullback risk toward $1,470. Avoid chasing near resistance. #shortzec
