Garrett Jin: Closes 7000 ZEC Short for $210k Profit

Garrett Jin whale entity closed the 7000 ZEC short position opened yesterday at $1195, exiting at $1165 for a $210000 profit of $30 per coin while the core 32760 ZEC short from early July remains open with $18950000 in floating losses.

Price action on the 4h chart shows ZEC trading inside the Bollinger Bands with upper resistance at $1273 and lower support at $997.65, while the EMA50 at $1022.73 and EMA200 at $778.3 continue to anchor the bullish structure; with price testing upper Bollinger resistance at $1273 while RSI sits at 61.82 and MACD prints a death cross at 47.04, a healthy retracement toward the 50-EMA support at $1022.73 appears probable before any continuation attempt.