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Yes, that limit is per a specific ID (like a single conversation). It is in place to prevent runaway loops, like a trigger that fires on an attribute update on a conversation which calls a workflow that updates an attribute on the same conversation, which fires the trigger that calls the workflow... to infinity.
There are two other limits to be aware of, although it sounds like you're not going to be anywhere close to either of them:
The maximum number of event orchestration triggered workflow invocations per hour
The maximum number of event orchestration triggered workflow invocations per minute
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