If you're still doubling down on that $ZEC short, stop now.
The pain of staring at a six-figure unrealized loss while the chart keeps printing green candles hits different. Most traders know they should cut, but ego and hope keep them in.
A trader just dropped a -115,302 USDT unrealized PNL on their ZECUSDT perp short while $ZEC printed another 2.9 percent gain. That "what doesn't kill me makes me stronger" line is peak cope we all recognize.
This reminds me of the $BTC short squeezes back in 2021 when bears kept adding and got absolutely destroyed, or the way $XMR has historically punished anyone fading privacy narratives.
The real lesson here is how quickly these positions snowball when you refuse to admit you're wrong.
Where do you think this $ZEC move goes from here?
#Zcash #PerpTrading #ShortSqueeze
The pain of staring at a six-figure unrealized loss while the chart keeps printing green candles hits different. Most traders know they should cut, but ego and hope keep them in.
A trader just dropped a -115,302 USDT unrealized PNL on their ZECUSDT perp short while $ZEC printed another 2.9 percent gain. That "what doesn't kill me makes me stronger" line is peak cope we all recognize.
This reminds me of the $BTC short squeezes back in 2021 when bears kept adding and got absolutely destroyed, or the way $XMR has historically punished anyone fading privacy narratives.
The real lesson here is how quickly these positions snowball when you refuse to admit you're wrong.
Where do you think this $ZEC move goes from here?
#Zcash #PerpTrading #ShortSqueeze
