I generally let one fruit on the tree to confirm the variety. You don’t need to ripen it all the way, given that this is pigmented CaraCara. Mistakes do happen and I don’t like to wait two years to replace the tree if it’s the wrong variety (of course, not all citrus will produce buds like yours in their first year). However, I agree with folks above. Citrus do struggle in their first year coming off the cold season. As others said, you can pinch the buds now, wait a couple of more weeks and feed some nitrogen. Foliar feeding is an option if you want to feed regularly but avoid over-watering.
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