I used to be quite stubborn, always saying "I only look at on-chain data," and watching addresses and making a series of moves, thinking I had the truth in my hands.

Later, I was educated by loan liquidation: no matter how clear the on-chain data is, if you shake your hand and don't add margin, you'll still be liquidated.

When you're three steps away from liquidation, honestly, don't think "I'll wait for a rebound and then get out," that's just writing a script for yourself.
My approach is very simple: first, cut down the leverage a bit, repay what you can, or just add collateral to push the red line further away;
then close positions that make it obvious you'll lose sleep over.
Keeping some cash is more important than saving face.

Recently, memes and celebrities shout, and the whole network's emotions run high, newcomers always love to take the last shot...
Anyway, the liquidation machine doesn't listen to stories, it only recognizes the red line.
You think you're trading, but actually you're borrowing luck from yourself.
That's all for now.