LENZ – Long Trade Setup !📈 🟢
Ticker: LENZ Therapeutics, Inc. (LENZ – NASDAQ)
Timeframe: 30-Min Chart
Pattern: Rising wedge breakout with volume push
💼 Trade Plan – Long Position
✅ Entry: $28.60 (breakout above consolidation + structure reclaim)
🛑 Stop-Loss: $27.26 (below wedge base and breakout level)
🎯 Take Profit Targets:
TP1: $30.52 – Key resistance zone
TP2: $32.52 – Extended range target / breakout continuation zone
⚖️ Risk-Reward Calculation
Risk per Share: $1.34
Reward to TP2: $3.92
R:R Ratio: ~1 : 2.9 — Strong long setup
🔍 Technical Highlights
Clean breakout of tight range wedge
Reclaim of horizontal resistance near $28
Rising trend with confirmation volume
Momentum from mid-April forming consistent higher lows
