Is ZEC skyrocketing to 500 dollars? A beginner's guide to operations, learn how to avoid risks and make money!
Recently, ZEC, this privacy coin, has become popular. Simply put, there is a large influx of funds, and the price has surged. It has risen about 5% in the last 24 hours, with a total increase of 27%. The market is highly speculative, mainly driven by community discussions and leveraged trading. Many people see it as a short-term speculative tool, with notable figures shouting "ZEC has started, target 1000 dollars," attracting many eager players chasing the price rise.
From the technical chart, the current price is around 436 dollars. It is stuck below the first resistance at 445. I believe that if it can break and stabilize above 445, the upward space may open up. You can try to follow in small positions, with the next target looking at the second resistance near 475 dollars. But if repeated attempts fail, do not hold out stubbornly; take profits in time to preserve gains. Cryptocurrency is highly volatile, and in the past, similar small coins have often played out the narrative of "rising fast and falling even harder." For example, someone blindly chased ZEC without setting a stop-loss and lost over 30% in a day, a deep lesson learned. If you don’t know how to time your entry, you can follow Bai Yue, who will analyze in real-time in the village and provide the best entry points.
In terms of operations, it is recommended to proceed as follows: after the price breaks 436.52, test with a small position, targeting 475 dollars; if it cannot break, reduce positions or exit, with a support level reference of 420 dollars.
Remember, invest with spare money, and don't be swayed by fervent emotions.
There are always opportunities in the market; the key is to operate calmly. Bai Yue will continue to help everyone keep an eye on the on-chain dynamics, moving forward steadily together! Follow Bai Yue and participate in every attack by the villagers of Bai Yue! Bai Yue will announce specific entry times and real-time news in the village every day!
