ZEC Up Nearly 20% Against the Trend, How to Trade the Market?
According to Gate.io market data, ZEC is currently priced at $35.67, with a 24-hour increase of 19%. ZEC is in a bullish trend, and the long-to-short ratio among major contract holders on Gate.io is 0.96:1. The current funding rate is 0.01%. The latest Bollinger Band support price is $30.52, and the resistance price is $37.39. The current market sentiment index is 49, indicating neutral sentiment.
Trading Strategy
Breakout Strategy
- Direction: Bullish
- Entry Condition: When the ZEC price breaks through the BOLL resistance price of $37.39
- Stop Loss Condition: Set at $36.50
- Take Profit Condition: Set at $40.00
- Strategy Characteristics: This strategy leverages the signal of a price breakout above the BOLL resistance level to capture the upward trend while setting reasonable stop-loss and take-profit points to manage risk.
Moving Average Crossover Strategy
- Direction: Bullish
- Entry Condition: When the short-term EMA (Exponential Moving Average) crosses above the long-term EMA
- Stop Loss Condition: Set at $34.00
- Take Profit Condition: Set at $38.50
- Strategy Characteristics: This strategy uses the moving average crossover signal to capture price trend changes. Combined with bullish market sentiment, it sets reasonable stop-loss and take-profit points to effectively control risk.
About ZEC
ZEC (Zcash) is the first blockchain system to adopt the zero-knowledge proof mechanism, which provides full payment privacy while still maintaining a decentralized network using a public blockchain. Like Bitcoin, ZEC has a total supply of 21 million coins. Zcash is highly popular due to its introduction of ultimate anonymity technology—zero-knowledge proofs, allowing for complete transaction privacy.
