Garrett Jin: $35.44M ZEC Short Loss Then $79K Long

Garrett Jin closed his entire 38,000 ZEC short for a $35.44M loss and then opened a long seven hours later only to exit with an additional $79K hit, according to Lookonchain.

Price action on the 4h chart shows ZEC at $1594.56 inside the Bollinger Bands with the upper band at $1606.12 acting as immediate resistance; the EMA50 at $1424.27 and EMA200 at $1085.41 remain solid support layers while MACD maintains its golden cross at 39.65 and RSI sits neutral at 61.49, suggesting any pullback would likely find bids at the 50-EMA before the next leg higher.