This is what I'll do if recession hits again, I have planned a little for that
1. I don't have any debts on me and I am earning quite well based on the country I am in, so I have maintained a balance between risky (crypto) and traditional investments (Bank, Mutual Funds , stocks etc). So I'll buy some of all of above things according to my capacity. Maybe a little less crypto while the market is in downtrend.
2. I'll probably convert all my crypto into BTC and most of the BTC into fiat or USDT for the time when market is going down. I'll start buying again all good coins when market would stabilize a bit.
3. I always keep some fiat spare for the times like the present, when market is way down and all the good coins are cheap. I treat it as the best opportunity to buy and accumulate more.
4. I live within my means, I will never take loans for investing.
5. And last, trying to learn TA, so that I could make money even in bearish market or in recession.