[isatrader]

I saw this chart here in a video. And looks pretty well, but...don't you think this kind of chart in a complicated moment like this could be a dangerous trade? 
If you finally decide to get in, how do you manage the stop loss? Tighter than usual? 

It's been a very volatile one in the basing process, as it was a SPAC I believe from the way it pinned at the $10 level through 2021, with an Average True Range over the last year of 6.2% a week. So not the type of stock that I would trade personally, as I prefer much cleaner price action. But, it was highlighted because it is attempting to move out in early Stage 2 on increased volume. So the next entry point in the method would be on a backup towards the Stage 2 breakout level on contracting volume and price spread, that then doesn't fall back into the range and turns back up again with expanding volume once more.

The stop loss should reflect the volatility of the stock imo, as it needs enough room to not whipsaw you out of the position just on its normal price action. But you can use tighter stops if using the lower timeframes to enter, as you can swing trade into it on intraday charts, and quickly move stops up on progress, and then build on the position. Or another approach is to use small position sizes to build the position gradually via multiple entries and using with more normal stop loss positioning. Which then limits the risk due to the smaller size initially.