She has her hand on her abdomen (or womb) indicating pregnancy, with large breasts and vulva. There is a "Y" on her thigh and her faceless head is turned toward the horn.
As with all Venus figurine they represent fertility and the Mother Goddess who from whom all life is created. The figures also represent abundance.
This ancient Goddess craving is a beautiful example of Serpent Bloodline art. These representations of the Goddess would be placed on or near the Altar during ceremonies and smaller versions carried with females who were hoping to become pregnant.