First time playing sub penny stocks with decent size. Used the bubble market to study these type of plays to really become comfortable with the position size, r/r and price action. Very important though that you understand that paper trading only goes so far. Have to get into the trade to really evaluate your mental space with money at risk. That said my process in what I was looking for was the exact same. Former runners with stocks holding near HOD or going r/g with consolidation. Hope this helps.