You really think $ZEC is hitting $3000? I'm watching my short position on it and while it's currently showing a painful unrealized loss approaching $47,000, I just don't see that kind of parabolic move happening.

This isn't a casual bet either; we're talking 39x leverage here. My read on the market, especially for $ALTS like Zcash, suggests a major correction or at least a significant retracement is more likely than a ten-bagger from these levels. The current price action around $204 feels more like a temporary bounce than a sustainable uptrend.

Sometimes you have to bet against the crowd when the charts and fundamentals just don't line up with the hype. I'm holding this one.

#CryptoTrading #Zcash #Shorting #MarketOutlook