Using reversed/opposite gesture to undo or dismiss current action?

One of macOS' pre-defined gestures allows you to swipe up with three fingers to open Mission Control, and then dismiss it by swiping down with three fingers.

I would like to make a similar gesture in BTT, where swiping down with three fingers opens Launchpad and, once Launchpad is open, close it by swiping back up with three fingers.

Is something like this currently possible with BTT?