$LINK H4

Artificial intelligence's price action analysis, support and resistance levels, long and short transaction setups:

In this chart, I observe a correction movement after an upward trend. After rising, prices exhibit a corrective trend by forming lower highs and lower lows. This could indicate a bearish scenario.

When I examine the price structure, I detect two important resistance points at approximately 20,671 and 21,268 levels. These levels suggest that they are places where the price has reacted and changed direction on previous visits. Support points are located at approximately 17,748 and 17,256. These regions stand out as places where the price managed to hold on in some periods in the past.

In terms of price formations, we may very likely see a "double top" formation with a top followed by a bottom structure, but this should not be considered definitive until we get a clearer shape. The double top pattern can signal a trend reversal and usually creates a bearish sentiment.

I would need more information for volume analysis because I don't see volume data in this chart. The harmony between volume and price can be an important indicator, but in this case I cannot evaluate.

For a potential long trade, we would like to see the price pull back towards the 17,748 level and start to rise again by reacting from this level. In such a scenario, a stop-loss order can be placed below 17,256 to limit risk.

For a short (sell) transaction, seeing the price rise towards the 21.268 level but failing to break this resistance and retreating below could be a good sell signal. In this case, a stop-loss order can be set above the 21.268 level to manage the risk.

This analysis was conducted to develop strategies for possible buying and selling decisions, taking into account price movements and past reactions.