Crypto
Trader Banks $660k Profit from ZEC Short Position Closure
A seasoned trader has closed a short position in ZEC, realizing an impressive profit of $660,000. The trader, @XXAntiWar, made the move by covering at $1145.4 after initially selling 5199.97 ZEC at $1273.
This high-conviction trade was part of @XXAntiWar's three moves to reopen trading, with an estimated paper gain of $750,000 from accumulating '牛来' below $0.086 average.
The price action on the 4h chart shows ZEC trading above the EMA50 support at $1098.5, with the EMA200 at $830.27 anchoring the broader bullish structure. The neutral RSI of 44.79 leaves room for continuation toward the upper Bollinger band at $1304.32.