how do i lower my maximum bid?

Someone asked this question before but I haven't found a solution.    I am currently the max bidder on a item that I thought was a good idea but have had a change of heart.  I have no issue if I it stays at the current amount but I’d like to lower my max bid to the current amount so the existing amount is my final.   Surely this is possible but for the life of me I can’t find how to do it.   Any suggestions? 

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