trx (TRON) forecast for January 2024

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trx (TRON) forecast for January 2024

Monthly timeframe
On the monthly timeframe, I, CryptoViktor UA, see that TRON (TRX) is showing a slowdown and some decline. This indicates a possible accumulation phase similar to that of Bitcoin. This behaviour may be a harbinger of future changes, and it is important to keep an eye on these signals.

Weekly timeframe
On the weekly timeframe of TRON (TRX), I notice a potential downward phase. Despite the previous positive trend, I change my forecast based on a trend line that has often worked well in the past. This trend change may indicate the need to reassess trading strategies.

Daily timeframe
On the daily timeframe, TRON (TRX) is expected to decline, which may be followed by a slight increase. Technical indicators show a strong buy, but the trend can change at any time, so it is important to follow market signals.

Sentiment of buyers and sellers

Sentiment on the TRON (TRX) market is mixed. There are both positive and negative expectations. Some traders are inclined to short-term sales (shorts), while others see potential for long-term growth (longs).

Bitcoin, bitcoin #etf
News about the Bitcoin ETF has not had a significant impact on the price of TRON (TRX) at the moment. It is important to keep an eye on general trends in the cryptocurrency space, as they can have an indirect impact on TRX.

Summary of the course forecast for the month
The monthly forecast for TRON (TRX) looks ambiguous. It is expected to decline, which may be followed by growth. It is important to consider different timeframes and market sentiment before making investment decisions.

Security (our tips)

Use reliable exchangers: Before investing in cryptocurrencies, make sure that the exchange you plan to work with has a good reputation, a reliable level of security and protection against fraud.

Keep your assets in a cold wallet: Hard wallets provide physical isolation of your private key from the internet, making them safer for storing large amounts of money.

Ensure the security of your account: Use strong passwords and two-factor authentication (2FA) to make it harder for others to access your account. Check activity regularly and monitor for potential suspicious activity.

Be careful with third-party services: Avoid untrustworthy sites, phishing attacks, and spam that may attempt to steal your personal information or access your wallet.

Keep your knowledge up to date: Understanding the latest crypto trends, technical aspects, and threats will help you make better decisions and protect your investment.

Security is an important part of crypto investing and trading. Keep these recommendations in mind

Security in crypto trading and investment
No one knows when and by how much the exchange rate will rise or fall, we can only analyse and compare it with previous cycles, which is what we are doing here. And remember that the forecast can be affected by the news background at any time. The posts on this blog are NOT financial recommendations. The decision to buy or sell cryptocurrencies is up to you.