ZEC Trader: Shorts at $410.66, Loses $1.975M

Binance smart-money trader tops the 24-hour loss chart with a $1.975 million drawdown after shorting ZEC at $410.66, HYPE at $42.49 and BTC at $76,399 while holding a modest long in ETH.

Price action on the 4-hour chart shows ZEC trading at $666.56 inside the Bollinger Bands with upper resistance at $696.03; the 50-EMA at $569.71 and 200-EMA at $474.17 continue to act as layered support. Momentum remains stretched with RSI(14) at 75.73 and MACD confirming a golden cross at 35.24, suggesting a healthy retracement toward the 50-EMA before any continuation higher.