Telepathic Power is a Normal Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Telepathic Power is Unlimited.
YGOPRODeck lists Telepathic Power for these formats: Duel Links, Common Charity, Edison, TCG, OCG, Master Duel.
A listed print of Telepathic Power appears in Battle Pack 3: Monster League (BP03-EN208) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Telepathic Power is about $0.08 on TCGPlayer (prices change frequently).
