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I suspect this is simply a sebaceous cyst, though it could be a folliculitis
. These are non-worrisome and can resolve on their own. Don't squeeze it.
Since it does not really hurt and is not causing symptoms, it is generally ok to simply see if it goes away on its own in a week time.
You should clear your face with mild anti-bacterial soap.
Also apply OTC Neosporin ointment on it for 2-3 days.
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