$ZEC Massive whales trapped high.
$ZEC SHORT
Entry: $338 - $342
Targets: $330, $322, $310
SL: $355
Leverage: 3x - 5x
Reason:
Over $52M is held by whales who are currently losing money with an entry average of $386. Because the sell volume ($1.21M) is nearly 6 times higher than the buy volume right now, the price is likely to drop as these whales potentially give up or get liquidated.
Will the trapped whales sell off, or can they push the price back up to $380?