I myself would wetsand with 2K (or finer) Meguiar's/Nikken Unigrit, *just a tiny bit*, enough to just take the gloss off the paint. *THEN* use the 1Z Intensive/3.5" PFW. As long as you don't overdo it with the paper it'll go fine (voice of experience). The 1Z Intensive/3.5" PFW combo is great on 2K-3K sanding scratches and the wetsanding will do more leveling of the etching with *less* overall clearcoat thinning (compared to just going over it more times with compound, which just never does that much for etching IMO).
You will need to follow the 1Z Intensive/3.5" PFW with 1Z Intensive on a 4" foam pad (I recommend a polishing pad).
After you finish the work with the Intensive, you need to use a medium-strength abrasive polish, *NOT* something like RMG/DWG. I recommend 1Z Paint Polish. That'll leave things ready-to-wax.
Don't try to skip that final (medium-abrasive) polishing or it simply won't look very good. You need more abrasion, not just glazing.
The above approach really is just *SO* user-friendly...with all the stuff I have in the shop (with which I have more experience), this has instantly become my (new) standard recommendation. It's simply a no-brainer IMO.