Don’t wait until the last slot to panic when the liquidation line is right there. When I’m still three steps away from the red line, I usually snap myself out of it first: is my position just too overconfident… If I can top up, I’ll add a bit of collateral, but only with “money I can sleep soundly with”; if I don’t want to add to the position, then I’ll patiently reduce leverage, even if I make a little less—because it’s still better than getting liquidated with a single click. Then write the liquidation price in your memo; don’t rely on feel.

Recently, some people are again watching on-chain big transfers and unusual moves between exchange hot and cold wallets as “smart money” signals. Put simply, it’s fine to watch the drama, but if you actually treat it as risk control, it gets a bit like mysticism. My approach is pretty old-school: keep a bit more stablecoin on hand, set reminders/contingency plans in advance. Once liquidation starts edging into the red zone, if on-chain gets a bit congested and the price jitters a bit, people are more likely to make foolish decisions. That’s it for now—staying alive matters most.