What is this? (Paint related)

I sprayed it about 40psi, I didnt use a reducer except on the final coat which I used a medium reducer.

Will the clear take away the peel look and grainy effect? It was about 65 degrees but the humidity was high around 85% I think you are right sanding it down flat and reapplying is what needs o be done. Should I wet sand with 600? How soon can I do this I just painted it yesterday. Im sure I dont need to take it all down just flatten it am I correct?