From what I read I really expected something worse! Plant looks like it has a chance. Never use bark alone because it tends to pack and decays more rapidly. Some charcoal and perlite would help but you potted it already so leave her alone. Water the media not the plant. Phalaenopsis rot from the crown easily. Also no fertilizer yet. You can also remove the bottom tray. Give it two weeks. if she shows signs of recovery go slow on the ferlilizer. Good job!