I have written some axioms that are widespread in trading platforms Which relates about currencies exactly:
1. Volume is really high, but price is still low?
the whales are accumulate the coin
2. Volume is high and the price is high?
the buyers are too much and the coin is top gaining
3. Volume is low and price is high?
a pump is happening here
4. Volume is low and the price is low?
this coin is dead , dont buy it .
simple but i hope i helped ,good luck
in my opinion if point number 3 happens,
"3. Volume is low and price is high?
a pump is happening here"then you better not buy it, because the price of coin can fall very far in a short time (very risky for trading).
then if point number 4 happens,
4. Volume is low and the price is low?
this coin is dead , dont buy it .but in my opinion it is not certain that the coin is dead coin, because you have to look at the possibilities first, that is :
1. maybe the coin is new, so not many investors know about the coin;
2. maybe the coin is just listed on the exchange, so the volume and price of the coin is still low;
3. maybe the project from the coin doesn't have a product yet, but the project still has progress, so investors are still not interested to investing in the coin and wait until the project for that coin already has a product.
then if the coin is an old coin and it doesn't have progress, then I agree with you if the coin is a dead coin and it's better if we don't invest in these coin.