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It is recommanded to do this achievement ather a 100% collectibles playthrough. First, you will have the knowledge of the levels and the tricky sections. Second, some Coins and Wisps highly increase your chances to die so you will save a lot of effort doing them first.

As previously said, there is no way to track this achievements's progress. But I can confirm replaying in any order works, as long as you don't die. If you do, just Start -> Retry, it does not affect your achievement other than starting a level all over again.