🚨 $ZEC — BIG LONG SETUP! SHORTS ARE HEAVILY EXPOSED! 📈🔥
Zcash ($ZEC ) is trading around $908, while short traders are sitting on significant unrealized profits.
📊 Market Positioning: 🔴 Short exposure: $120.36M 🔴 Short traders: 513 🟢 Short unrealized profit: $21.81M 🟢 Profitable short traders: 71.15% 🔻 Long unrealized PnL: -$9.17M
🎯 $ZEC LONG SETUP
* Entry: Current price (around $908)
* TP: $950
* 🛑 SL: $850
My view: Shorts are heavily positioned, creating the potential for a short squeeze if buyers step in. But wait for bullish confirmation before entering.
Can Zcash ($ZEC ) squeeze the shorts toward $950? 👀
#zec #WillFOMCMinutesReinforceRateHikeExpectations?
Zcash ($ZEC ) is trading around $908, while short traders are sitting on significant unrealized profits.
📊 Market Positioning: 🔴 Short exposure: $120.36M 🔴 Short traders: 513 🟢 Short unrealized profit: $21.81M 🟢 Profitable short traders: 71.15% 🔻 Long unrealized PnL: -$9.17M
🎯 $ZEC LONG SETUP
* Entry: Current price (around $908)
* TP: $950
* 🛑 SL: $850
My view: Shorts are heavily positioned, creating the potential for a short squeeze if buyers step in. But wait for bullish confirmation before entering.
Can Zcash ($ZEC ) squeeze the shorts toward $950? 👀
#zec #WillFOMCMinutesReinforceRateHikeExpectations?
