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Today marks the 44th day of my ZEC short position, with 46 days remaining in the three-month plan.
$ZEC is currently around $1,320. There’s still support near $1,300, but I believe a breakdown below this level is only a matter of time.
On the 1-hour chart, ZEC surged to $1,368 before quickly reversing lower. Despite the release of positive news, sentiment cooled rapidly after ETF net inflows reached $98.2M and then recorded its first outflow.
For now, I’m watching the $1,300 support closely.
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