Let me explain why I opened a SHORT position of $100,000 on $ZEC .
I noticed that a lot of people in the comments say I’m going to lose all my money on my short $ZEC because they think the ZEC rally is unstoppable, it’s the next Bitcoin, it will reach $5,000, and eventually it will surpass $ETH.
But the reality is that ZEC has been pumping continuously since $500 with no major correction. ZEC isn’t just some random meme coin; it has real fundamentals and a strong privacy narrative, but that doesn’t mean the price will just go up forever.
Too many people get overconfident after the pump. People who didn’t buy at $500 are now buying much higher because they’re afraid of missing out. And in crypto, this is when the first buyers start taking profits and the late buyers get trapped.
Also, a large part of the recent pump comes from short liquidations, and this squeeze is slowing down now. On the $ZEC liquidation heatmap, there’s very little liquidity above $1,500, while more than $20 million in long liquidations is sitting below $1,000.
There are still many reasons why I’m bearish on $ZEC . The price has already pumped too much, open interest is very high, most of the bullish news is already out, and from here it will take a lot more fresh money to keep pushing higher.
So be careful if you trade $ZEC here, especially with high leverage. This is just my opinion and my trade, not financial advice. Always do your own research and manage your risk.
My liquidation is above $7,000, so I’m safe. Keep your liquidation price high.
Click here to trade 👇🏼
$ZEC
I noticed that a lot of people in the comments say I’m going to lose all my money on my short $ZEC because they think the ZEC rally is unstoppable, it’s the next Bitcoin, it will reach $5,000, and eventually it will surpass $ETH.
But the reality is that ZEC has been pumping continuously since $500 with no major correction. ZEC isn’t just some random meme coin; it has real fundamentals and a strong privacy narrative, but that doesn’t mean the price will just go up forever.
Too many people get overconfident after the pump. People who didn’t buy at $500 are now buying much higher because they’re afraid of missing out. And in crypto, this is when the first buyers start taking profits and the late buyers get trapped.
Also, a large part of the recent pump comes from short liquidations, and this squeeze is slowing down now. On the $ZEC liquidation heatmap, there’s very little liquidity above $1,500, while more than $20 million in long liquidations is sitting below $1,000.
There are still many reasons why I’m bearish on $ZEC . The price has already pumped too much, open interest is very high, most of the bullish news is already out, and from here it will take a lot more fresh money to keep pushing higher.
So be careful if you trade $ZEC here, especially with high leverage. This is just my opinion and my trade, not financial advice. Always do your own research and manage your risk.
My liquidation is above $7,000, so I’m safe. Keep your liquidation price high.
Click here to trade 👇🏼
$ZEC
