ZEC: Trader Loses $5.15M on Short After 26 Wins
ZEC trader 0x362a shorts $18.95M after 26 wins, now down $5.15M unrealized as price holds $1207 with RSI overbought at 75.24.
SourceAnalysis
0x362a ended a 26-win streak by shorting 15,785 ZEC worth $18.95M three days ago and now faces $5.15M unrealized loss while ZEC trades at $1207. Price action shows a bullish trend above EMA50 at $974.6 and EMA200 at $751.63 yet sits inside Bollinger Bands testing upper resistance at $1263.06 with RSI(14) at 75.24 overbought and MACD at 82.14 confirming a golden cross. Onchain data analysis of this ZEC short position impact suggests a retracement toward the 50-EMA support before continuation in any ZEC price prediction model.
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