When a lending position is only three steps away from the liquidation line, I usually stop there and don’t add more “drama.” First, cut off that “this trade has to win” tentacle: you can lower the leverage a bit, and it’s also okay to top up some margin—but don’t top up while continuing to open fresh positions, because the more the tentacle stretches, the messier it gets. Then, rehearse the repayment/withdraw-collateral path a few times in advance; once the chain is congested or the oracle starts acting up, flustering and bumbling is the easiest way to get into trouble. Lately, funding rates have been extremely extreme—whether people in the group are arguing for a reversal or just continuing to squeeze the bubble, my experience is this: the more they argue, the less you should stubbornly hold on. Staying alive matters more than guessing right—so pull the liquidation line farther away first.