ALGO - No clear buying opportunity

Even though Algorand has lost almost 90% of it´s value from the Nov21 high, I still see room for a 60+% drop.

Price has been walking sideways since June, and there is no clear sign of bulls showing up.

Also note that the 100% ABC extension sits at 0.1135. Of that price level doesn't HAVE to be touched, but it is very common that ABC´s reach the 100%.

For the time being, I´m only looking for short scalp trades on ALGO.