Once my lending position approaches the liquidation line, there are basically "three steps" left, and I hardly rely on luck anymore: first, check the oracle (price feed source, update frequency, whether there's lag), then see if the network is suddenly congested, and finally decide whether to add margin or reduce the position. To put it simply, many liquidations are not because you're wrong about the direction, but because of the delay + slippage that happen in those few minutes, and then you're gone.

Recently, I've been discussing expectations of interest rate cuts and the phenomenon of the US dollar index and risk assets acting erratically together. When this macro sentiment tightens, volatility becomes very irrational... My current habit is to lower the LTV in advance and keep some bullets, rather than waiting until the red line to start panicking. Anyway, having a live position is more important than saving face.