The third time I pushed my position near the lending liquidation line, I finally realized that the most dangerous thing about being “three steps away from the red line” isn’t the price—it’s that you’ll start convincing yourself. My approach is pretty crude: first, bring the health ratio back to a level where you can actually sleep (add a bit of margin or reduce some leverage), don’t count on making a move right at the last step; then hand the automated work over to the machine—set up repayment/top-up in advance, and don’t wait until the chain is clogged and your hands start shaking. Recently, I’ve also seen others treat unusual movements between an exchange’s hot and cold wallets and large on-chain transfers as “smart money,” and I do look at them, but only as noise for reference: liquidation is a math problem, not a detective drama. Anyway, right by the red line—survive first, and then talk about profits.

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