My borrowing position is just three steps away from the liquidation line recently. I usually stop first and don't leverage up and hold on tightly anymore... To put it plainly, the more anxious you are, the easier it is to get confused. First, figure out your account: do you have enough funds to immediately cover the margin? If not, don't dream of "waiting for a rebound." Reduce your position if needed, even if it looks bad, but it's better to stay alive. Then review your authorizations and collateral to avoid being stuck on strange tokens that can't be withdrawn. The community has been arguing these days whether the extreme funding rate is a reversal or just an ongoing bubble squeeze. It gives me a headache; I just assume I can't predict it accurately, leaving some room is the safest. I'm not regretful about the outcome, but about every time I get close to the red line and still insist on "holding on a bit longer." When gas fees are high, just take a break; wait for it to get cheaper and then slowly clean up the mess.