Item description:

Zoom on "Chrono Moonling"
(Cursor already on it - press X)

Push the LS quickly to the right,
so the orange ball goes to its place,
then quickly push LS to the left for
the yellow ball goes in its own place

NOTE:
On screen, it will state to use L2 and R2 to rotate
IF you want to use them instead....
R2 quickly, then L2 quickly to go into their places