Hello Everyone! I am a beginner when it comes to caring for orchids and my friend recently bought me one for a house warming gift. It was doing really well, until like most beginners, I overwatered it

. The media also was packed pretty tightly so I don't think it had much room to breathe.
Long story short, it succumbed to root rot. Aftering reading how to treat this, I cut all of the dead/mushy roots, sprinkled some cinnamon on what remained and repotted the orchid in bark. However, I made yet another mistake by not wetting the bark so now my remaining roots are shriveled and dehyrdated (but firm).
I went back to the internet yet again to find a solution for this problem and came across the sphag in a bag method. I now have my orchid in a plastic cup with a moist paper towel at the bottom. I put the entire plant in a plastic bag to create huminity to try to encourage some new root growth (my house is on the dryier side). I have also been
misting the roots daily with a spray bottle to keep them moist, but not too wet. It seems to be working as they have turned a light to dark green color. However, there are some that appear to be almost black or even white with black tips (is this ok?). I continue to mist them on a daily basis because they are still shriveled and tend to turn white and dry until moistened again.
Basically, I want to know if I taking the correct course of action and if there is anything else that I should be doing. I've attached some pictures. The leafs are a bright green color and appear to be pretty healthy, just alittle droopy. There is also what appears to be a new leaf growing out of the center (this began growing before the root rot and since the root rot and dehydrated roots, does not appear to be getting any bigger in size or making any progess). I also decided to leave the stem because there is what appears to be a green numb growing (it appears that it could turn into a new branch (again this began growing before the root rot and seems to have stopped/shriveled since). So I am not sure if should cut the stem so that the plant can focus on growing new leaves/roots. Finally, is this Phal salvagable?!?!
Any thoughts would be much appreciated!

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