I just reviewed the recent failed trade from a couple of days ago. To be honest, it wasn't a matter of wrong direction; I was just too impatient. Seeing the order book suddenly thin out, I still chased aggressively, resulting in slippage hitting the max, and the average transaction price was worse than I expected; then I tried to add another position to average down, but the depth wasn't enough, which was like raising my own price... My order timing was also off; I should have split it into smaller parts, placed some orders, or simply waited for the volatility to pass.

Recently, everyone has been talking about staking unlocks and token unlock schedules. The anxiety about selling pressure can indeed amplify emotions— the more afraid, the more eager to jump in, making it easier to rush in during the worst liquidity moments. Anyway, I’m now focusing on the details of the liquidation waterfall: don’t go all-in, don’t chase orders, better to miss out. That’s how I still believe.