You currently have a short (sell) position on SHELLUSDT with 20x leverage, and the position is already in deep drawdown (approximately -70%). This means that the price has risen above your entry point, and you are losing funds. With cross leverage, the risk is even higher, as the exchange can use your entire available balance to maintain the position.
You have two options:
Normal…
Sell (close the position)
You will realize a loss but avoid the risk of liquidation (total loss).
You will preserve the remaining deposit and be able to re-enter at a more favorable moment.
And not so much…
Hold (stay in the position)
There’s a chance for a price reversal and reduction of the loss (if the price goes down).
There’s a huge risk that the price will continue to rise, and you will be liquidated (loss will reach 100%).
❗️If there is no clear signal for a reversal (and you don’t have a "solid" plan), it’s better to close or at least reduce the position to lower the risk of liquidation.
And yes… holding such a drawdown without a stop-loss is extremely dangerous❗️