ZEC: Garrett Jin Whale Adds $6.26M Short Position

Garrett Jin whale entity added 5,000 ZEC shorts at $1,252.5 worth $6.26 million as ZEC jumped 12 percent, bringing total shorts to 37,760 contracts valued at $46.74 million with average entry at $665.8 and $21.6 million in floating losses.

Price sits at $1,488.39 inside the Bollinger band with upper resistance at $1,552.33 while RSI at 78.78 signals overbought conditions and MACD golden cross at 89.17 confirms bullish momentum above EMA50 support of $1,217.61; with price testing upper Bollinger resistance at $1,552.33 while RSI flashes overbought at 78.78, a healthy retracement to the 50-EMA support at $1,217.61 seems probable before further continuation on this ZEC price prediction setup.