$BEAT You are looking at a highly speculative, low-liquidity coin that is currently a playground for market makers. The "control" you sense is real—it is the result of low supply and high leverage.
The probability of it going lower is high, though it may have one more fake "pump" first.
If it breaks below $0.80, it could rapidly fall back toward the $0.30–$0.40 range.
The math is on the side of the Shorts. You get paid to hold the position, while the Longs are paying to hold theirs. Eventually, the Longs will run out of patience (or money) and close, which triggers selling pressure.
If you are trading this, be extremely careful with leverage. The "dealer" creates these choppy moves specifically to hunt stop-losses.
If you are Long: Tighten your stop-loss.
If you are Short: Be wary of a "scam wick" (sudden spike) back to $1.10–$1.20 to clear out shorts before the real drop happens. If you have enough margin, think about bringing the entry price higher.
