Skin Donut Effect

So, I think I’ve got some sort of a modified donut effect. From what I’ve read on the forums the donut effect is supposed to be a circular ring of protruding flesh on the penis. However, I’ve always had the impression that the flesh was hard, or at least semi squishy. What I have is a very slight donut effect, as in when the penis is erect it is barely noticeable (Difference of skin color is the easiest way to spot it) And when it’s flaccid the donut is almost non existent with the exception of a ring of ‘skin’ that hangs loose-ish to where my slight donut is.

I’ve also read that the donut effect tends to disappear after a few days, although there is no noticeable ring of flesh, the loose skin has slightly remained.

So I have a couple of questions, is what I have the donut effect? And should I cut back on PE or reduce my intensity?