From the 2 pics, you may have two different things going on.
#1 Sometimes a bump is just too much for decal setting solution to overcome, and this may or may not be the case here. If so, best way I know to fix it is slice the decal along the rised line with an extremely sharp blade, re-apply your setting solution, let it dry, touch up with the closest blue paint you can find or buy.
#2 How long did you wait for the Microsol to dry? It looks to be not long enough. That said, one application of Microsol (or Solvaset, as suggested above) is often times not enough. Just make sure to provide adequate drying time between applications. And that usually means 8 hours plus for heaving applications and lots of wrinkling.
Good luck, and those pic really help to describe your challenge, thanks for that.