When your borrowing position is just "three steps" away from the liquidation line, honestly, there's no point in betting on your emotions anymore. I usually do two small things first: set the alert threshold to a level that makes my phone ring, and move the collateral/stablecoins that can be replenished at any time to my hand (don't leave them in places that require cross-chain transfers or unlocking). The second step is to cut leverage: better to repay a little first, or reduce the position with the most volatility, to bring the health factor back into a range where I can sleep peacefully. Only then do I consider "adding collateral," because when the market is volatile, you think you have time, but in reality, on-chain congestion plus slippage stack up, and liquidation bots are way faster than you.

Recently, the group has been talking about stablecoin regulation, reserve audits, and de-pegging rumors again. Seeing it so often is a bit annoying... but it also reminds me: don’t treat "stability" as absolute certainty. Don’t rely on luck when you're near the liquidation line. Anyway, my current principle is: the closer you are to the red line, the more straightforward your actions should be—survive first.