10x Long on ZEC, 25x All-In on ETH
ZEC has been grinding down for a month, dropping over 24%. This guy is sitting on a 10,000-coin 10x long, stubbornly holding at his 1,146 entry price. He’s down 85,000 on paper and still holding steady at fourth place on the long leaderboard. Meanwhile, over on ETH, his 2,000-coin 25x long is up 68,000—his P&L is lit up red and green like casino chips.
Putting on a 10x long in a market as illiquid as ZEC is basically handing market makers fuel for a wick hunt. If it bounces back to his entry zone, he’ll be facing a double whammy of spot holders trying to break even and shorts piling in. A rejection and pullback is far more likely than a straight-up reversal. That 25x ETH position is even more dangerous: whales love to hunt crowded high-leverage zones, wicking prices down to liquidate traders before pushing back up. Only if ETH retests and holds key support in the short term can you talk about another leg up. If BTC so much as wobbles, both positions are going to be shaking.
ZEC bulls, what’s your entry? Anyone still brave enough to add above 1,146, raise your hand. What number are you in line for on the rooftop?
$ZEC $ETH $BTC
ZEC has been grinding down for a month, dropping over 24%. This guy is sitting on a 10,000-coin 10x long, stubbornly holding at his 1,146 entry price. He’s down 85,000 on paper and still holding steady at fourth place on the long leaderboard. Meanwhile, over on ETH, his 2,000-coin 25x long is up 68,000—his P&L is lit up red and green like casino chips.
Putting on a 10x long in a market as illiquid as ZEC is basically handing market makers fuel for a wick hunt. If it bounces back to his entry zone, he’ll be facing a double whammy of spot holders trying to break even and shorts piling in. A rejection and pullback is far more likely than a straight-up reversal. That 25x ETH position is even more dangerous: whales love to hunt crowded high-leverage zones, wicking prices down to liquidate traders before pushing back up. Only if ETH retests and holds key support in the short term can you talk about another leg up. If BTC so much as wobbles, both positions are going to be shaking.
ZEC bulls, what’s your entry? Anyone still brave enough to add above 1,146, raise your hand. What number are you in line for on the rooftop?
$ZEC $ETH $BTC