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The feeling of being three steps away from the liquidation line on a lending position, honestly, is like cash flow hitting bottom at the end of the month—your heartbeat is more accurate than the candlestick chart.
I usually start with the most boring task: calculating everything clearly—how much I owe now, how much interest is burned per day, how much collateral I need to add to move the red line a little lower.
Don’t start with “hang in there,” because hanging in there comes at a cost.
Then do two things: either reduce your position to pay off debt (admit that you’ve increased your leverage), or add collateral but at the same time write down your stop-loss/exit plan, otherwise it’s just infinite survival.
Recently, news about tax increases and compliance tightening and loosening has mainly affected deposit and withdrawal expectations. When liquidity tightens, liquidation becomes even less forgiving…
Anyway, I’d rather earn a little less than be taught a lesson by a bot in the middle of the night.
For now, that’s it—live to fight another day.