I am leaning more towards shorts, as the market is sluggish, and a third wave of declines in altcoins is still possible. In general, shorts are working much better than longs today, although I set the take profit for longs quite small, they are still losing.

Overall background and price dynamics
The coin is relatively new, with only a few candles on the daily chart (D1). This indicates that there are almost no global support/resistance levels, and volatility may be high.

The current movement is rather downward: the price has dropped from ~0.29 to ~0.21, and on 15m/1h charts, most local peaks are consistently lower than the previous ones.