Could you please consider a right click menu on iPadOS and iPhone when using a mouse. It would be good to get access to the same menu you would see when clicking the orange circle. If not this, then the option to expand/collapse a note as well as move a note to another folder and move a note to the bin would make the user experience much smoother.
Have you seen the right click working in other apps? I wasn’t aware the iPad supported that.
Note that a double tap at the top of the note should collapse it, and tapping the dot button of a collapsed note should expand. They are good shortcuts.
Moving to another folder can be done by dragging the note from the top. Same for the bin. I think with a mouse you could do this.