Pendulum Reborn 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, Pendulum Reborn is Unlimited.
YGOPRODeck lists Pendulum Reborn for these formats: Common Charity, TCG, OCG, Master Duel.
A listed print of Pendulum Reborn appears in 2016 Mega-Tin Mega Pack (MP16-EN229) at Rare rarity.
Among markets shown on this page, the lowest listed snapshot for Pendulum Reborn is about $0.05 on TCGPlayer (prices change frequently).
