I'm not very good at the exciting task of watching the market all day, but I will prepare a "整理" (organization/preparation) in advance for the liquidation line. When there are three steps left before hitting the red line, I usually first split up my positions: which one is the core, and which one is just to earn a bit more interest and have some fun. If I can pay off a small part first, I do so, rather than waiting for a big move all at once; or I might move some collateral to a more "resilient" side that can withstand drops, preferring to earn less and sleep well.

The second step is to think clearly about the path to trigger liquidation: recently everyone keeps mentioning pledge unlocking and token unlock schedules, which basically means that when selling pressure anxiety hits, volatility can suddenly become "illogical." So I set my warning line more conservatively than I might think, rather than relying on "it probably won't drop that far" as a strategy.

The last step is to consider leverage or adding to positions... Most of the time I choose not to add, keeping the books cleaner. Anyway, no matter how attractive the returns are, once liquidation happens, all the previous "APY sources" are wasted. That's it for now.