Unveiling Shorting Opportunities: ETC & NEAR Sell-Off Signals + Long Breakthrough – Leveraging for Beginners

This article examines short selling opportunities in the crypto market, focusing on Ethereum Classic (ETC) and Near Protocol (NEAR). Ethereum Classic is displaying a classic head and shoulders top pattern on the four-hour chart. The price has rebounded after touching the neckline and pulled back around $21.50. Potential short positions can be initiated with targets at $20.20, $20.00, and $19.30, while a stop loss should be set between $22.10 and $22.35 based on individual risk tolerance. **Near Protocol (NEAR)** is also forming a head and shoulders pattern, with price rebounding and retracing around $2.54 after breaking below the neckline. Investors can consider shorting at market price or waiting for price testing resistance before entering. A potential entry range is between $2.65 and $2.69, with profit targets at $2.45, $2.40, and $2.25. A stop loss should be set at $2.75. Polygon (POL) surged significantly yesterday, breaking out of a large triangle pattern upwards around 8 AM today. The price pulled back afterward but is expected to test the support range before continuing upward. Long entries are possible if this support holds. Potential entry points are between $0.248 and $0.253 with profit targets at $0.278, $0.292, and $0.308. Stop losses should be set around $0.239 and $0.232 based on individual risk tolerance.