When the lending position is just three steps away from the liquidation line, my heartbeat is more unstable than on-chain gas... I usually stop first and avoid adding drama, translating "should I hold or not" into plain language: how long do I want to hold this position, or am I just reluctant to admit defeat. If I can add some margin, I do a little to push the red line back; if I don't want to invest more money, I simply reduce the position, even cutting some parts is more decent than passive liquidation. To put it simply, liquidation is not a punishment; it's the ending written by your leverage.

Recently, someone has been interpreting crypto price movements using ETF fund flows and US stock risk appetite, and I find it a bit annoying: the more heated the narrative, the more the slippage seems like a sneer. Anyway, when I get close to the red line, I only do two things: reduce leverage and withdraw from illiquid pools/currencies first, so that "thinking I can execute" doesn't turn into "executing and getting closer to liquidation." The rest... I leave it to myself after a good sleep.