Setting limit orders to buy weed stocks (50% lower)

I've been interested in the weed industry for a long time. The original boom was too quick to take advantage of and being a bit of a "Doomer" I was not into buying the super extended moves. But quite a lot of time has passed since then.

There's a new blast of interest in this since we made the big rally, but I think this might just be the final bull trap which will turn into the capitulation/despair part of the cycle.

This leg usually extends about 161 of the fake reversal. That's where my limit orders are.