A whale shorted 32,760 $ZEC at an average of $444.
Zcash is now near $1,018, while Bitcoin sits at $79,714 and Ethereum at $2,459.
That position is down more than $18M and it is still open.
Going long, the worst case is your principal.
Shorting, the worst case has no floor.
The most expensive mistake in a strong trend is not missing it. It is standing in front of it.
How many of you have shorted something that just kept going?
My own view, not advice. Do your own research.
#ZEC #Trading
Zcash is now near $1,018, while Bitcoin sits at $79,714 and Ethereum at $2,459.
That position is down more than $18M and it is still open.
Going long, the worst case is your principal.
Shorting, the worst case has no floor.
The most expensive mistake in a strong trend is not missing it. It is standing in front of it.
How many of you have shorted something that just kept going?
My own view, not advice. Do your own research.
#ZEC #Trading