Garrett Jin: $22M Loss on 39.76K ZEC Short

Garrett Jin sits on a $21.98M unrealized loss from his 39.76K ZEC short after the token doubled from his $576.30 entry, pushing the $44.90M position toward a $2,540.50 liquidation level.

His lifetime perp PnL now stands at -$9.11M on address 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9.

Price action on the 4h chart shows ZEC trading inside the Bollinger Bands near $1124.48 with the upper resistance at $1276.48 acting as the next volatility target while the lower support at $965.44 caps downside; the EMA50 at $1011.52 serves as immediate structural support and the EMA200 at $771.80 anchors the longer-term bullish trend even as the MACD death cross at 52.43 signals fading momentum and RSI at 57.01 remains neutral, suggesting a possible retracement to the 50-EMA before any continuation higher.