I would not wait too long as once your recoat window closes all yuck can happen if you tick off the paint god.
Duplicolor lacquers can be recoated in 5 min...let flash and respray...pull tape off, over itself in 15 min. let dry for 3 to 4 hours,now retape,mist clear intercoat,mist second color coats ....pull tape off, over itself as always now shoot clear coats and put aside to cure for a week . then polish and foil....Other lacquers have a longer recoat time...Tamiya is 20 min Model Master (Testors one coat) seems to like 25 to 30 min between coats I find my dehydrator does speed up dry time between colors..but if you stay within the same paint mfgr. you can really speed things up. I do like to finish with TS 13 clear and as it is not as "hot" as duplacolor I can lay it on all at once. I learned the window method here as many first class artists paint here...check out Zoom Zoom , Treehugger Dave, or Lone Wolf.....read learn and shoot!!