I wait for at least one of those leaf claws to actually open up before I water it thoroughly. Till then, I leave it alone still, keeping it warm and dry. It really varies on our growing areas, not all of us have controlled temperature environments, so easy to be blindsided by stem rot due to watering when cutting has not rooted yet. I would rather wait a bit more.
As long as that stem is staying firm, not mushy,not getting blackened looking, it should be okay. It may go wrinkly, just got to leave it alone and let it do some more leaf growing.
The leaf claws of your cutting is looking really good..just be patient for now.