When the borrowing position is three steps away from the liquidation line, I usually don't worry about whether it will rebound. I first check if I can fall asleep... If I really can't sleep, I take action: either add some margin to move the line downward, or simply reduce my position and pull back the leverage. To be clear, liquidation isn't about profit or loss; it's about whether you have the chance to wait for the next opportunity.

These days, I've seen new L1/L2 projects offering incentives to boost TVL. The on-chain excitement is real, but it's also true that veteran users complain about mining, profit-taking, and selling. Once liquidity is withdrawn, the red line becomes even more eager to chase people. Anyway, I set a small rule for myself: when I'm three steps away from the red line, I first find my "margin of safety"—don't expect the market to reason with you. Turn off the lights for a while, and I'll check the screenshots tomorrow.