It is situated close to the obelisk

in a place a panda would enjoy.

Think about the concept of "negative space."

Starting from the twisty tree in the bamboo forest, if you walk to a certain area that is directly adjacent and look skyward, you will see that the sky forms the environmental puzzle. 

Note: The start circle is actually part of two environmental puzzles!

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If you wander around the bamboo forest, it is located near an interesting piece of plant life.

Near a twisty tree.

Keep your chin up.  You'll get it!