ZEC Trader: $9M Profits Wiped by Short Near Liquidation

ZEC short by a trader with 26 straight wins and $9M prior gains now sits down $7.66M on 12,285 ZEC ($18.31M notional), pushing the position to the brink of liquidation at $1,550.66.

With price testing upper Bollinger resistance at $1592.7 while RSI flashes overbought at 80.49, a healthy retracement to the 50-EMA support at $1230.67 seems probable before further continuation on the 4h chart.