$ZEC | 1D | BUY SETUP |Zcash / TetherUSBINANCE:ZECUSDTcoinpediamarkets🚨 ZECUSDT is up on ETF inflows and an upgrade. The more important number is where the top traders are positioned. Top derivatives traders went from 81% long to 24% long in days (CMC, Oct 29). The story is bullish: Grayscale’s ZEC ETF took in $41.1M last week, the most since September NU7 is targeted for around Nov 5 ZEC is up roughly 370% YoY But look at the quality of the bounce: Futures OI is down 12.45% to $2.37B Oct 20 volume was 109K ZEC, vs 244K when it last cleared $1,500 Rallies are failing lower: $1,450 → $1,350 Strong narrative, fading conviction. I’m not chasing that. 📊 Daily chart, ZEC/USDT: Price: $1,239 Cycle high: $1,698 Pre-breakout low: $451.75 Demand block: $788–$936, the base ZEC launched from 🎯 The setup, if you want one: Entry: $940.84 Invalidation: $740.84 T1: $1,227.05 T2: $1,940.84 Entry is about 24% below spot, so this is a patient bid into demand. It is not a market buy. The math matters too. T1 is only about 1.4R from entry because it sits near today’s price. T2 is about 5R, but it needs a new high above $1,698. If you think ZEC reclaims $1,698 without ever revisiting that block, you’ll miss this trade. That is the tradeoff. The thesis weakens if ZEC holds above the block and volume expands on the way up. It breaks if price closes below $740.84. No fill, no trade. NU7 can pump it or sell the news. Not financial advice.