Traders use dogecoin as their asset and hold for the long term, and they will not sell their dogecoin if the price is not more than 100-150 satoshi. The last high price we already see that show dogecoin can increase to the higher price, but now, the price is back to the lowest price again. But I am sure that the price will have the time to rise again, and once that happens, traders will make their big profit again.
Never heard of traders keeping dogecoin as a long term asset to be honest, and this coming from someone who does like dogecoin a lot,,, I mean, it is a rather stable coin bitcoin-wise, price is always around current levels, and never below 10 satoshi anymore, and you never know when it can pump to 50 satoshi or more!
actually dogecoin suitable for any time frame , short medium or even long term. dogecoin price when it drop its not as sharp as with another coins, meanwhile when it pump its like major coins. price could growth fastly and give us good returen. looking dogecoin price history will help us about dogecoin charater when market bearish or bullish.