Apecoin is nearing the resistance of the downward channel posting a high at 2.0420. The coin continued down for the last couple of days and may test the resistance that was established on August 6. So, it could be interesting to consider opening short trades from 1.8420-1.8590 with a target at 1.7510, which are the lows of August 4 and August 7. Stop loss could be placed above 1.9000 round level.