$ZEC — WHY DID THIS $5,103 LOSS HAPPEN? 📉
I held my #Zcash short for 2 days. The position was around +$3,000 PNL, but I stayed with the plan.
My SL and TP were fixed. I didn’t move either.
Then, while most altcoins were slightly down, ZEC’s market cap jumped by another ~$2B.
To me, this move looks highly unusual and potentially driven by aggressive liquidity/short-squeeze dynamics.
If a major liquidation candle appears, I’ll consider re-entering the short.
Just my personal opinion. DYOR. ⚠️
I held my #Zcash short for 2 days. The position was around +$3,000 PNL, but I stayed with the plan.
My SL and TP were fixed. I didn’t move either.
Then, while most altcoins were slightly down, ZEC’s market cap jumped by another ~$2B.
To me, this move looks highly unusual and potentially driven by aggressive liquidity/short-squeeze dynamics.
If a major liquidation candle appears, I’ll consider re-entering the short.
Just my personal opinion. DYOR. ⚠️
