For example, after the coin you bought from a high price falls, if you panic and change too much, you will lose much more. If you trust the coin you invest in, it is better to HODL it. But if the coin you bought is completely low cap and meme coins, then try to quit as soon as possible because there is a chance to reset when it stops. By the way, Dogecoin is not a shit coin so you can hodl it, dogecoin is a great community coin.
I believe that Dogecoin has a very high community, but in my opinion it does not guarantee Dogecoin's growth will increase in the future, at this time DOGE has been pumped very high, I am not sure Doge will continue to grow and maintain its popularity, let alone Elon Musk as one of the the person who made Dogecoin explode now seems to be leaving DOGE, better do a deep analysis if you want to keep this coin, I personally have traded DOGE for another meme coin, namely SHIB which has the potential to increase 10x-20x in the near future.