$APE COIN (Bored Ape Yachts) Head & Shoulders Short Scalp Update

We are currently 9.46% in profits from our short position entry from the head and shoulder formation on the 1hr chart for APE.
We have traced back to the 0.5 Fib level multiple times and APE has been holding above this resistance band quite well.
Though this head and shoulders formation is playing out, I do believe that we may drop down to the previous 0.618 fib retracement that is in white before continuing a move upwards, however for now I am short.