🚨 $ZEC Is At A Critical Turning Point! What's Coming Next?
$ZEC derivatives are showing an interesting picture. OI is around 483.5K, funding is slightly positive at 0.00541%, and new shorts are increasing. Overall positioning is mixed, but leverage is rebuilding after the recent drop.
The 24H and 48H liquidation heatmaps show important upside liquidity around $1,035-$1,060 and $1,075-$1,080. Below price, I'm watching $980, $960 and $950. A move towards upper liquidity before the next major reaction is possible.
Now CVD and orderbook data: futures CVD is deeply negative at -602.2K, while spot CVD is slightly positive at +30.9K. Orderbook delta is positive around +1.2K, so some buyers are still supporting the recovery.
But spot money flow is more concerning. Net flow is -4,739 ZEC on 1H, -4,836 ZEC on 4H and -15,501 ZEC on 1D. Five-day large-order flow is around -53,890 ZEC. Selling pressure is visible across every timeframe.
On the fundamental side, Zcash's NU7 upgrade activated on November 5, reducing block time from 75 to 25 seconds. The next scheduled governance milestone is Q4 grant submissions closing November 13, followed by voting from December 17-29. These could bring ecosystem attention, but aren't guaranteed price catalysts.
Guys, short term I lean bearish, not just because the ZEC data looks weak, but also because the macro environment isn't looking great. $BTC still has strong daily spot demand but is struggling to gain strength. If BTC slips, ZEC could fall harder because its own spot demand is considerably weaker.
👉 MY ZEC PLAN
Current entry: $1005-$1025 after rejection
Recommended entry: $1040-$1060
Upper entry: $1070-$1080
TP1: $980
TP2: $940
TP3: $880
SL: $1,090
Guys, confirmation is simple: watch BTC. If BTC starts losing support while ZEC spot flow stays negative, the setup gets stronger. If BTC recovers with strong spot buying and ZEC reclaims $1,060, don't force the trade. Let the market confirm first
$ZEC derivatives are showing an interesting picture. OI is around 483.5K, funding is slightly positive at 0.00541%, and new shorts are increasing. Overall positioning is mixed, but leverage is rebuilding after the recent drop.
The 24H and 48H liquidation heatmaps show important upside liquidity around $1,035-$1,060 and $1,075-$1,080. Below price, I'm watching $980, $960 and $950. A move towards upper liquidity before the next major reaction is possible.
Now CVD and orderbook data: futures CVD is deeply negative at -602.2K, while spot CVD is slightly positive at +30.9K. Orderbook delta is positive around +1.2K, so some buyers are still supporting the recovery.
But spot money flow is more concerning. Net flow is -4,739 ZEC on 1H, -4,836 ZEC on 4H and -15,501 ZEC on 1D. Five-day large-order flow is around -53,890 ZEC. Selling pressure is visible across every timeframe.
On the fundamental side, Zcash's NU7 upgrade activated on November 5, reducing block time from 75 to 25 seconds. The next scheduled governance milestone is Q4 grant submissions closing November 13, followed by voting from December 17-29. These could bring ecosystem attention, but aren't guaranteed price catalysts.
Guys, short term I lean bearish, not just because the ZEC data looks weak, but also because the macro environment isn't looking great. $BTC still has strong daily spot demand but is struggling to gain strength. If BTC slips, ZEC could fall harder because its own spot demand is considerably weaker.
👉 MY ZEC PLAN
Current entry: $1005-$1025 after rejection
Recommended entry: $1040-$1060
Upper entry: $1070-$1080
TP1: $980
TP2: $940
TP3: $880
SL: $1,090
Guys, confirmation is simple: watch BTC. If BTC starts losing support while ZEC spot flow stays negative, the setup gets stronger. If BTC recovers with strong spot buying and ZEC reclaims $1,060, don't force the trade. Let the market confirm first
