ZEC Up Nearly 20% Against the Trend, How to Trade the Market?

2024-10-11, 06:37

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![](https://gimg2.gateimg.com/image/article/1728629020screenshot-20241011-142418.png)
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](https://www.gate.io/price/zcash-zec) 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 (<a href="/id/price/zcash-zec" target="_blank" class="blog_inner_link">Zcash</a>) 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 <a href="/id/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>, 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.
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<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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