A:AnswerYes you can but your money will be better spent on a 4K tv with hdr.
Reason for that is this monitor is intended for 1080p at 240hz for competitive gaming with a powerfull pc and not for what the PS4 has to offer which is 2k or 4K with hdr if you have the pro that is. If you have the regular ps4 then 1080p tv works just fine, good luck.
A:AnswerWould recommend an ips panel they are better for accurate color production. This monitor is a Tn which is better for high refresh rate And gaming.