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Someone asked me... The liquidation red line for borrowing and lending is just three steps away from me, what should I do?
I usually first calm my mind: don't force it or be stubborn, just check if the position is "borrowing to save face."
When it really gets within three steps, I mostly choose to either reduce leverage or add some margin—only enough to withstand a little more volatility, not overcompensate and get more carried away;
then calculate the borrowing interest and possible slippage, in simple terms, just buy some "peace of mind."
Sometimes I simply close part of the position myself, rather than waiting for the system to help close it more gracefully.
I've seen too much of the inflation + studio + coin price spiral in chain games, the more you try to hold out for "break-even," the more it seems like adding fuel to the fire...
To rhyme: three offline steps, pull back first, don’t wait for liquidation to knock.