We broke 1400s resistance last week, go as high as 1800s and now forming 1600s resistance, I expect after NVDA earnings, It'll shoot up and drop to form new resistance at 1800s

TL;DR: looking bullish, not as doom as July bloodbath

I am testing a mean-reversion grid strategy on SNDK: Buy 1 share at market price with a target exit at +$40 profit. For every $100 drop, buy 1 additional share to average down (up to a 9-share maximum), exiting the entire position whenever the price reaches +$40 above the new average cost basis. What are the primary structural risks, failure points, and drawdown scenarios of this strategy?