$LIVX can rise in the next days

Contextual immersion trading strategy idea.

LiveXLive Media, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content.

On 29 May the company announced the launch of the virtual music festival "Music Lives ON". It causes a rise in the share price of the company.

At the and of the day the demand for shares of the company looked higher than the supply.

These and other conditions can cause a rise in the share price in the next days.

So I opened a long position from $2,29;
stop-loss — $2,10.

Information about take-profits will be later.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Trade active:

70% closed at 2,97

Comment:

stop set at $2,55

Trade closed manually:

$2,63