Hodlers are waiting for their target price and obviously they wont sell at a cheaper price. There are times the peak price was already hit and that’s beyond their target price but because of greed they tend to hold for more, most of them succeed to take profit but most of them missed the chance of taking profit, greed and fear must be the reason.
There are two types of holders. The first is someone who will hold it until they get a profit regardless of the conditions that occur, this is a bad example of a holder, he does not want to learn to understand the situation of the coins he has, this type only relies on instinct.
The second is the type that determines the lower limit of the price of the coin he saves if the price of the asset he touches x, then he will sell it regardless of whatever the condition is because he believes it is better to incur fewer losses than incur more losses.
I prefer the second type.