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ZEC has broken through the $500 threshold and showing strong momentum. I've decided to capitalize on this move with a couple of substantial short positions on a major exchange.
The rationale here is straightforward—when we see this kind of rapid upside without strong fundamental support, mean reversion typically follows. Current market structure and technical indicators suggest profit-taking is likely on the horizon.
I've documented my exact entry points and position sizing in the screenshots above. The first short is targeting a pullback to the $450-480 range, while the second is positioned for a more aggressive correction toward $420. Both positions maintain tight risk management with stop losses set above the recent high.
ZEC volatility has been elevated, which actually works in favor of this trade setup. The key is watching for support breaks and volume confirmation on the downside. I'll be monitoring these positions closely and adjusting based on market structure developments.