This route climbs the left-leaning cracks on the south-east side of Cannibal Crag. Start in the left-most crack, merge with the second crack and shoot for the top of the boulder. Alternatively, you can traverse left near the top to the cold shuts on Caliban.
Nice route. This would make a very nice beginner lead. As mentioned one can traverse over to the anchor of Caliban but topping out is well worth the extra 20 feet of climbing. You might find a move or two slightly harder than 5.4 if you continue to the top but the moves are well-protected and over quickly. There's a two-bolt anchor on top of the boulder pretty much in the center. I didn't look hard but there didn't appear to be much else in the way of gear for building your own belay anchor. The walkoff is to the northwest and is trivial.
Definitely harder than, 5.4. I would say 5.6. I am new to trad, and so far have found every route rated 5.4-5.5 (in Red Rocks) sandbagged. I felt they were all harder.