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

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APE / TetherUS PERPETUAL CONTRACT (BINANCE:APEUSDT.P)  
yoyokenwan  
BINANCE:APEUSDT.P   APE / TetherUS PERPETUAL CONTRACT
Harmonic Patterns Chart Patterns Trend Analysis APEUSDT boredapes head_and_shoulder shortsetup shortscalp Fibonacci Retracement cryptocurrencysignals
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harmonicpatterns chartpattern trendanalysis apeusdt boredapes head_and_shoulder shortsetup shortscalp fibonacciretracement cryptocurrencysignals
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.

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