Shouldn’t the seesaw be completely horizontal in order to be balanced? How can it be balanced if it’s not horizontal?
A balanced seesaw is simply one that isn’t experiencing any torque—the net torque on it is zero. Because there is no torque on it, it isn’t undergoing any angular acceleration and its angular velocity is constant. If it happens to be horizontal and motionless, then it will stay that way. But it could also be tilted or even rotating at a steady rate.