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When the borrowing position is three steps away from the liquidation line, I usually first dismiss the illusion of "just holding on a little longer and it'll come back"… To be honest, at this point you're no longer executing a strategy, you're gambling on emotions.
The first step is to recognize the leverage you've borrowed: repay some, or add collateral to push the liquidation price further away, even if the returns look less attractive.
The second step is to set up alerts properly; don’t rely on watching the market and holding on stubbornly. It’s most unfair to wake up and find everything liquidated with a single click.
The third step is to cut positions directly, removing the most uncertain parts and saving ammunition.
Recently, the calendar for staking unlocks and token unlocks has been mentioned every day. I also feel the pressure to sell, but the more these times come, the more I avoid thinking "it should rebound" as a risk control.
Not long ago, I followed an account that kept saying "unlocking doesn’t affect," and after hearing it so much, I started to loosen up myself…
Later, I checked the contracts and lock-up terms, and the logic didn’t match up, so I simply unfollowed to avoid being led astray.
Anyway, I’d rather earn less than learn how to handle myself at the liquidation line.