$ZEC · 20x short · closed Sep 6, 16:35
Entry 1203.74 → exit 1183.74 Price move −$20 / ≈ −1.66% At 20x: +31.86% / +$478 Gap to a clean ~33% = fees and funding
Why here
Sep 3–6: ~$800 → ATH ~$1,220–1,225 Backdrop: ZCSH ETF ($400–460M), privacy bid, Hayes / Hougan Squeeze burned $34–40M in shorts; futures OI ~$2.3B S on the peak, B on the dip — impulse fade, not “ZEC is done”
What worked
Sep 6 range $1,004 → $1,225 — moves like that usually pause $1,200 = round number + local high, natural long-exit zone Short fade, not a fade of the whole rally
What was weak
Higher-timeframe bid still up (ETF + privacy) 20x with that OI is fragile if the spike extends Out at 1183, didn’t wait for $1,100
Read
The percent came from leverage and location, not from a big cash move.
$ZEC #Futures Not financial advice. You can lose the deposit.