This is some tough rough. Going for it is not an option with this lie.
This will be a punch-out to the nearest safe area back out to the fairway. The key to success is in your set up. The first step is selecting the correct club. A more lofted club, such as a 9 iron or PW, is your best bet.
Play the ball back in your stance and place more weight on your front side to encourage ball-first contact. A more advanced set-up point: Open the clubface a tad at address.
Set your wrists early in the backswing.
Swing down into the grass aggressively, yes…but down and through. Swing down into the grass aggressively, yes…but down and through.
For these types of shots, do three-quarter swings to ensure that you do not fall out of rhythm and simply chop at it. A chop may leave the ball in the rough.
The tall grass can close the face pretty easily, so a firmer grip pressure helps keep the face more square through impact.