Level 1, use what you find.

• It doesn't matter how many times you die in this battle, all that matters is how much money you have when time is up.
• The more you die the better because you will be a higher level at the end, all though you will drop whatever money you have on you when you die.
• Don't kill people unless you have to, you don't want them to get a high level.
• If you get some meseta you can hide it somewhere and pick it up in the last 30 seconds.