$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.