Breakeven is the point, where your trade neither makes nor loses money. In simple words, moving stop loss to breakeven is when your stop loss moves to breakeven (entry point), when a certain profit on your position is reached. The main goal of this feature is to have zero risk of losing money on a trade after your Move SL to breakeven triggers.

Examples:
1. You made a long position on BNB/USDT at 1000$ and decided to set Move Stop Loss to Breakeven at 1%. It means that Stop Loss will move to trade entry point after BNB/USDT will rise for 1%.
Example:

2. You made a short position on BNB/USDT at 1000$ and decided to set Move Stop Loss to Breakeven at 1%. It means that Stop Loss will move to trade entry point after BNB/USDT will fall for 1%.

Example: