USDE is a strong short-term momentum trade benefiting from Bitcoin's rise, currently testing key resistance levels with high relative strength.

Tim, I want to hear about this next one. You've got stable coin X as your second pick in the big three.

But um USDE just has been a powerhouse really since you know Bitcoin kind of got back into that 80,000 level. You can see that represented in that chart. Breaking out on the daily and again speculative and aggressive, but this has kind of become one of those meme stons. remember that word from five, six years ago.

It's kind of the darling of the crypto stock market right now. Everyone's talking about it on X. Everyone is, you know, piling into this now. We just trade them and be smart.

and USDE is looks to benefit from that. And a lot of people don't want to trade crypto. If you want to trade something that basically follows Bitcoin, it's USDE. Now, I will say this.

I mentioned options. There are no options on USDE. But hey, this thing's volatile enough. You can just trade the stock and get the kind of like moves we like to see in options, but there are no options on USDE.

Maybe we all just need some caffeine today. But you're exactly right though. That was the most prominent feature of this chart that I was going to point out. And what we mean by that is that we had this uh kind of extreme period of volatility here.

But we had this notable high near about 820. So from there we had a gradually rounding base activity. We had a surge to the upside that brought us back up to that initial high and then a period of fluctuation that resulted in a downward movement.

Then the trend continuing on to the upside here. So exactly, you know, pretty much textbook type of cup and handle. It's supposed to look like a coffee cup. My art is not the greatest here in this uh format, but uh that's what it's supposed to look like.

So we did eventually break above 820. We formed another gap here 1056 to about 1220. Now we find ourselves testing those old highs that we established from all the way back here near about 1515.

We did make intraday highs beyond that level today and yesterday. For now we find ourselves right around that that threshold here. So the old highs can often become support going down the road.

So a pretty interesting area that to uh find ourselves at today. Our steep upward trend line is still in play as well right now. uh RSI 7540 is uh again over o overbought here.

So a sign of strength in a trending market on pace for new relative highs in this name as well here. So uh volume profile in this case shows that we did have some accumulation of trading volume between 1280 to 1390.

Point of control down here near about 765 lining up with the the middle of our consolidative area from our our coffee cup handle there. Um, and again, you know, that's the nice thing about trading and and you know, kind of planning shorter term trades.

You don't have to be a long-term believer in this stock or have some kind of big fundamental take. It can be as simple as a short-term momentum play. We always would advise you to be risk, you know, uh, mitigate your risk some way here, but, you know, it doesn't have to be for for all time that you're in this trade.

Yeah, it doesn't have to be an investment thesis here on this one. Just a a potential trade, but moving nicely to the upside today for USD. They're up 6 and a4% even with uh Bitcoin and Ethereum both slightly lower on the session here.