You can, but only if someone's willing to hire you. Employers are leery of hiring you for substantially less money than you made in the last job. The fear is you're still looking, and a few months down the road (before you've really accomplished anything) you'll quit.
I think a much more likely scenario is that you won't get an interview at all. An employer is unlikely to consider you for a junior role that requires < 5 years of experience when you've had > 10 years experience in another field.