When the lending position is only "three steps" away from the liquidation line, I usually first take my hand off the add position button... really, the kind that even a cat can't step on.

The first step is to admit that I am panicking: don’t think about holding on and riding it out now, liquidation is done by machines, no emotions.
The second step is to look at my most concerned "signal"—whether there are big players on the chain starting to add margin or withdraw collateral, and whether the market sentiment suddenly becomes very consistent (the more consistent, the more I fear).
The third step is to either slightly reduce leverage or add a little in advance, anyway, the goal is the same: push the red line further away, don’t wait to be passive.

Recently, I’ve been talking about rate cut expectations, the dollar index, and risk assets acting up together—basically, when macro conditions go wild, the liquidation line feels like it’s being secretly moved closer to your feet...
I’d rather earn a little less than wake up in the middle of the night to find my position liquidated and pretend to be calm with cat pictures.
That’s it for now.