Red and shiny patch on penis shaft, what could it be?

This appeared a week ago and it was more swollen at first. It did slightly hurt for a few days but not at all in the last couple of days. However it's still there and quite visible. A shiny wrinkly red patch around a hair follicle, with a diameter of about 5mm. Looks a bit like burnt skin.

image

Any idea what it may be?

Is it in a form of bump/lump? If it’s a lump, does it get more visible when it’s erect? If it’s i think i have the same issue with you

To me it looks as if there’s some type of plaque formation under the skin. If I pull the skin, I can see the shape better and it looks circular with the follicle in the middle (and it turns white rather than red).

Is that what you have too?

And I wouldn’t say it’s more or less visible when erect, looks about the same