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
Yes, your thinking and suggesting is very good. This is right way for buying some coin but i think have many another way for chooses best coin. First you follow her road map and see team Activity. If you saw coin team is active for this coin and market volume is high. You can buy this coin.