I don't know the coin nor it's fundamentals.
It looks like we might be right on the brink of the corrective wave (2).
Yes, minor wave 4 overlaps minor wave 1. It is acceptable in leveraged markets by wick or so.
Potential 200% from the bottom of the RED up to the bottom of the GREEN
Buy zone:
RED - 0.5 fib retr. / 0.618 fib retr.
Targets:
BLUE - 1:1 fib extension
GREEN - 1:1.618 extension