How to change the song sequence on my iphone playlist?

I have an iPhone 5s, and I Have a playlist called 'favourite music'.
When I add a new song to this playlist, it goes to the bottom of the list (so the order of the playlist goes from oldest added to most recently added) which means I constantly had to scroll to the bottom.
Is there a way to change this so that the most recently added songs on the playlist appear at the top, and the oldest will be at the bottom?

Hit shuffle is the best I got

You can do this on your iPhone 5s and any iPod /iPhone /iPad using iOS 7
Choose a playlist select edit (top left) then to the right of any song you will see a grey grid press and move song to your required position.

Regards Alan