Sit/squat-start on the lower of two stacked boulders on chalked up ledges. Reach up and out to the lip of the higher boulder, turn it and top out over the short face. Very fun. I think one should avoid back-stemming at any point.
This problem lies within the small cluster of stacked boulders just west of the Masterlock boulder. (This is just left of the main overhanging face.) Step into the cluster of boulders to find the visibly chalked-up start holds.
The landing may not be great if you took a genuine fall, due to the rocks at the base. You'd probably want a pad and an active spotter if you're not confident on the moves.