Range is being tested currently. While short term bounce is possible, a break below range will be good for longer term bottom formation.
The rush to buy every dip is not a sign of capitulation. Capitulation kind selling leads to sustainable bounces. Capitulation, fear , and extreme bearish sentiments is what will lead to bottom.
If you are intermediate swing trader , being on sideline is your best strategy. A bounce will setup more shorts in few days.
PCYC is the best looking long setup out of over 1000 stocks I looked at today.
Remain in capital protection mode.