general question on restoring from encrypted backup

suppose I do: set encryption on identified by PASSWORD only;CONFIGURE ENCRYPTION FOR DATABASE ON;
then I do : backup incremental level 0 database ;
backup incremental level 1 database ;
backup archivelog until logseq=100;

then I want to restore the encrypted backup.
the command to run is:

run {
set decryption identified by PASSWORD;
set until logseq=100;
restore database ;
recover database ;
}

am I correct ?
I have to backup and restore 50TB database, and it is the first time I use encrypted backup.

thanks,
Lior.