MSP430FR6047: using one transducer channel for level sensing application

Part Number:MSP430FR6047

Hello Team,

I would like to know whether it is possible to implement with our MSP430FR604x devices the possibility of using with one transducer channel and calculate the ToF that receives from a reflected wave via a flat wall (as in the image below).

My application is liquid level sensing, can you please advise back?

Thanks,

Shai