Yes, it is possible, but I wouldn't recommend it. The panel doesn't support such gestures while sleeping, so you would need to keep the panel and the CPU awake all the time (which drains battery).

If you'd like to open your Jolla (and go to homescreen) by simply double tapping (no swiping), you can achieve this behaviour by modifying the MCE settings using the mce-tool.

This TJC question should cover this topic:
https://together.jolla.com/question/...n-home-screen/