What happens if you sell at a loss while leveraging?

Let’s say I have $100 and borrow at 10x to do leverage at 10x.

I can then trade with $1,000 but $900 of it was borrowed.

If the asset drops by 10% I’d get liquidated and lose the original $100, but what
happens if I see the price drop 2% and sell there?

Do I just lose $20 of the $100?

What happens with the loan and what’s owed on it then?

The loss would be 2% of the $1,000 ($20) or put another way, 20% of my original $100, right?

Is this the whole purpose of being able to get liquidated at such a small loss – so whether you
lose 2% of the $1,000 or 20% of the $100, you are only ever losing a portion of your original
$100 no matter what happens?

I am just worried about paying money back I haven’t got and I’m such a n00b at this stuff!