It's probably a pimple. Not a good idea to squeeze it, because you could make it worse. It will heal by itself, but just keep the area clean. You could also try using a penis health cream with vitamin A, which is supposed to help clear up pimples.
The bump has subsided and almost gone
EDIT : I think the bump used to be a sebaceous cyst before, because u've had a lot of them. But i squeezed the pus out already. Could it became a permanent bump or anything?
The bump looks like an insect bite
The bump is now a little bit visible. Its does hurt but it is not that bad, just a little bit. Anything guys? Please help me
The bump does hurt again now. Lol
i was kind of embarass to go to the doctor
It might be a pimple caused by a clog skin pore. Squeezing a pimple will lead to infection. If it will not subside after 5 days, go to the doctor for proper diagnosis and treatment.